The "U.S. Bitcoin Strategic Reserve Act" has been officially submitted to Congress

ChainCatcher news, according to information from the official website, the "U.S. Bitcoin Strategic Reserve Act" proposed by Senator Lummis·Cynthia has now been officially submitted to Congress and is under review by the Senate Banking Committee. The purpose of the bill is to "establish a strategic Bitcoin reserve and other projects to ensure the transparent management of federal government Bitcoin holdings, utilize certain resources of the Federal Reserve System to offset costs, and for other purposes."

The bill will subsequently undergo review by the Senate, the House of Representatives, and the President to determine whether it will be passed into law.