2,200 letters of support for ‘Bitcoin Strategic Reserve’ bill sent to US senators

August 3, 2024 Coin Telegraph

Senator Cynthia Lummis introduced the bill on July 31, which would direct the US government to start a reserve Bitcoin fund.

Over 2,200 letters were sent to United States senators in 48 hours urging them to co-sponsor and support Senator Cynthia Lummis’s newly proposed Strategic Bitcoin Reserve bill.

In a post on X, Lummis expressed gratitude for the support given to the Strategic Bitcoin Reserve bill.

In an Aug. 3 X post, Dennis Porter, founder of the Satoshi Action Fund, said that Democratic Party senators received 1,333 letters, Republican Party senators received 850, and Independents received 41. This bipartisan outreach demonstrates that interest in Bitcoin (BTC) and its potential strategic value crosses political and ideological lines.

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

US Senators Pen Letter to Jerome Powell, Urging Fed Chair To Cut Interest Rates

June 12, 2024 The Daily Hodl

Daily Hodl

Two US senators are urging Federal Reserve Chair Jerome Powell to cut interest rates to avoid an economic recession. In a new letter penned directly to Powell, Democrats Elizabeth Warren (D-Massachusetts) and Jacky Rosen (D-Nevada) argue that persistent high rates are slowing down the economy and driving up the cost of housing and insurance, which […]

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XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

Two US Senators Introduce New Bipartisan Stablecoin Legislation

April 19, 2024 The Daily Hodl

Crypto regulation

Two US lawmakers unveiled on Wednesday a proposed legislation that will create a regulatory framework for payment stablecoins. In a statement, senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) say the bipartisan Lummis-Gillibrand Payment Stablecoin Act will protect consumers, enable innovation and promote the dominance of the U.S. dollar while preserving the dual banking system. […]

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XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

US Senator Says ‘So Much Appeals to Me About Bitcoin’

April 11, 2024 Bitcoin.com

benefits of bitcoin

U.S. Senator Marsha Blackburn has revealed that there is “so much that appeals” to her about bitcoin. She explained that as we move forward and people are more comfortable with the cryptocurrency, “there will be more transactions in your daily life where bitcoin is accepted as a form of payment.” Senator Blackburn on Benefits of […]

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

Senator Haggerty Tells Gary Gensler To Expect To Hear From Congress as US Officials Respond to SEC Lawsuits

June 7, 2023 The Daily Hodl

Bill Haggerty

US lawmakers are issuing a warning to the Chair of the U.S. Securities and Exchange Commission (SEC), saying that he could soon hear from Congress. In a recent announcement, Republican Senator Bill Haggerty of Tennessee says that the SEC Is weaponizing itself to destroy an entire industry and tells Chair Gary Gensler to anticipate having […]

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XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

US Senators Keeping Tabs on El Salvador Bitcoin (BTC) Adoption in Reintroduced Bill: Report

May 14, 2023 The Daily Hodl

Bitcoin

US Senators are reportedly reintroducing a bill that would allow them to track and monitor the developments related to El Salvador’s adoption of Bitcoin (BTC). According to a new report by the Washington Examiner, Senators Bob Menendez, a Democrat from New Jersey, and Jim Risch, a Republican from Idaho, have announced the Accountability for Cryptocurrency […]

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XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

US Senators Probe Crypto Exchange Binance About ‘Potentially Illegal Business Practices’

March 3, 2023 Bitcoin.com

Binance

Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and answers pertaining to “potentially illegal business practices.” The lawmakers told Binance CEO Changpeng Zhao (CZ): “Your actions have called into question the legitimacy of your business and the safety of your customers’ assets.” U.S. Lawmakers Probe Binance U.S. Senators Elizabeth Warren […]

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry

November 23, 2022 Bitcoin.com

401k

Several U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems,” the lawmakers told Fidelity CEO Abigail Johnson. US Senators Want Fidelity to Stop Offering Bitcoin in Retirement Plans Three […]

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

White House, US Senators Call for Proper Crypto Oversight

November 12, 2022 Bitcoin.com

bitcoin.com

The White House and members of the U.S. Senate Banking Committee have called for proper cryptocurrency regulation following the collapse of crypto exchange FTX. “Without proper oversight of cryptocurrencies, they risk harming everyday Americans, and this is something that clearly we monitor and we see as an important issue,” said White House press secretary Karine […]

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

US Senators Question SEC Why Its Staff Is Quitting at Highest Pace in 10 Years

November 3, 2022 Bitcoin.com

attrition

Six U.S. senators have questioned the Securities and Exchange Commission (SEC) why its staff is quitting at a record pace. “Efforts to ram through hurried rulemaking without proper analysis, deliberation or consideration of downstream negative impacts is nothing short of regulatory malpractice,” the lawmakers told SEC Chair Gary Gensler. SEC Staff Leaving at Record Pace […]

us senators