The US Congress is holding a Bitcoin Strategic Reserve Advancement meeting today, with the bill calling for the purchase of 1 million bitcoins within 5 years.

2025.09.17 20:08:22

On September 17th, as reported by Crypto in America, a meeting on Bitcoin Strategic Reserve Legislation was held in the U.S. Congress on the same day. Several Republican lawmakers, including Senators Ted Cruz and Marsha Blackburn, as well as industry representatives like MicroStrategy founder Michael Saylor, attended the meeting. The "BITCOIN Act" was reintroduced by Senator Cynthia Lummis in March of this year. The bill intends to designate Bitcoin as a national strategic reserve asset on an equal footing with gold and requires the U.S. government to acquire 1 million bitcoins within the next 5 years. Hailey Miller, the Policy Director of Digital Power Network, stated that there was a strong consensus among the attendees regarding the need for a strategic Bitcoin reserve, and the next step would be to integrate it into a broader policy framework. This proposal is a further development of the policy previously enacted by President Trump to prohibit the sale and seizure of Bitcoin. It is worth noting that this proposal still encounters controversy outside the cryptocurrency community, and Lummis herself admitted that it may take some time to convince her congressional colleagues.

Add to Favorites Download image Share x Copy link

Relevant content

Ahead of the Non-Farm Payrolls (NFP) release, the probability of the Federal Reserve raising interest rates in December stands at 72.8%.

Ahead of the release of U.S. October non-farm payrolls data, CME Group’s FedWatch Tool shows a 27.2% probability that the Federal Reserve will hold interest rates steady in December, while the chance of a 25 basis point hike stands at 72.8%. For next January, the probability of keeping rates unchanged is 21.6%, a cumulative 25 basis point hike is 63.4%, and a cumulative 50 basis point hike is 15.1%.

2 minutes ago

US October seasonally adjusted non-farm payrolls came in at 165,000, far exceeding expectations.

US October seasonally adjusted non-farm payrolls came in at 165,000, above the expected 65,000, with the prior figure revised from 29,000 to 60,000.

2 minutes ago

U.S. October unemployment rate hits 4.1%, below expectations.

U.S. October unemployment rate came in at 4.1%, beating the expected 4.20% and the prior reading of 4.20%.

2 minutes ago

After the release of non-farm payroll data, traders have increased their bets on a Federal Reserve interest rate hike in December.

U.S. short-term interest rate futures declined following the release of non-farm payroll data, as traders ramped up bets on a Federal Reserve interest rate hike in December. Earlier reports indicated that U.S. seasonally adjusted non-farm payrolls for October reached 165,000, far outpacing the 65,000 market expectation, while the prior figure was revised from 29,000 to 60,000.

2 minutes ago

Investors are reportedly discussing an IPO valuation range of $1.2 trillion to $1.3 trillion for Anthropic.

Investors are reportedly discussing that Anthropic’s initial public offering (IPO) valuation falls between $1.2 trillion and $1.3 trillion.

2 minutes ago

Six crypto-related companies including Strategy and Robinhood have not opposed OKXICE's stock tokenization.

Crypto journalist Eleanor Terrett published a post stating that among the 62 companies initially announced by OKXICE for stock tokenization, the six issuers that have not yet filed objections to its stock tokenization transactions are all tied to the crypto industry: Strategy, Robinhood, Coinbase, Circle, Securitize, and BitGo. Previous reports have noted that the number of issuers opposing OKXICE's tokenization of their shares has now risen to 67, with the latest objectors including Palantir, S&P Global, KLA, Supermicro, and Meta. Of the 62 companies on the platform's initial list, 56 have now filed objections.

2 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.

2026.01.31 18:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

NFT project Ptah has launched, with its trading volume exceeding $900,000 in just half a day; its minting mechanism mandates the use of a Binance Agent ID.

2026.10.23 10:16:30

Hot Articles