Senator Cynthia Lummis thinks it's important to add bitcoin to U.S. reserves

A Wyoming state representative will unveil her initiative today at the Bitcoin Conference before presidential candidate Donald Trump speaks.

According to the senator's representatives, she is counting on his support on the issue. According to the senator's team, if the bill is passed, it will strengthen the position of the dollar and improve the country's monetary system.

At the moment, it is only known that the bill is still at the discussion stage and additional details about it will appear a little later. In order to introduce bitcoin as a reserve asset, support from Congress will be needed. Whether it will be, it is unknown, because the election campaign is in full swing, and what will be the new composition of Congress, it is unknown.

Recall that the United States is the largest state-holder of the first cryptocurrency. According to Arkham Intelligence, the authorities have no less than 213,239 bitcoins in their wallet.

If the bill is implemented, it could help bitcoin to further increase its capitalization and value in the market.