*Walter Bloomberg|Mar 05, 2025 14:54
PRO-BITCOIN SENATOR DOESN'T THINK TRUMP'S BITCOIN STRATEGIC RESERVE WILL HAPPEN SOON
President Trump's proposal for a U.S. strategic bitcoin reserve has gained traction among some crypto-friendly U.S. Congress members, though its near-term feasibility is questioned. Wyoming GOP Sen. Cynthia Lummis, who introduced the bill, admits congressional support is lacking. At the Bitcoin Investor Day in NYC, she noted resistance even from fellow Republicans, quoting House Banking Committee Chairman Tim Scott suggesting a delay, highlighting insufficient readiness as the main obstacle.
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