**Bitcoin Reserve Bill Gains Momentum in US Senate**
The Digital Chamber, a key advocate for digital assets in the US, is urging lawmakers to support the Bitcoin reserve bill introduced by Wyoming Senator Cynthia Lummis. The bill, known as the Bitcoin Act of 2024, proposes that the US Treasury acquire 1 million Bitcoin over five years to bolster economic stability and hedge against inflation.
The Digital Chamber is hand-delivering letters to every US Senator, emphasizing Bitcoin's scarcity and its potential to diversify and strengthen the nation's financial system. This move comes as the US national debt surpasses $35 trillion.
Notably, other politicians, including Robert F. Kennedy Jr. and Donald Trump, have also shown support for incorporating Bitcoin into the national reserves. This bipartisan interest reflects growing support for cryptocurrency-related initiatives in the US.
The Financial Innovation and Technology for the 21st Century Act, which passed the House with significant bipartisan backing, is now awaiting a Senate vote. However, recent efforts to ease regulations for banks to custody cryptocurrency products faced a setback after President Biden's veto.
As the debate continues, the push for Bitcoin in the US financial system gains traction, promising potential shifts in economic strategy.