Bernie Moreno, an American Senator from Ohio, urged Congress in August to approve the Bitcoin bill.
The bill was represented two weeks ago by Republican Sen. Cynthia Lumith, and proposes purchasing one million Bitcoin units over the next five years. Unlike the early version introduced last year, which expired without approval, there is no annual acquisition limit, which increases flexibility.
“In general, if you understand that this is very good for the future of the US financial sphere around the world, I think we’ve reached a consensus point and we’re achieving that,” Moreno said of the legislative debate on the bill.
So, “Let’s finish this for the August break,” he said. Legislative treatment to approve bills to buy 1 million btc. By then, it is common for the US Congress to take a break from its activities unless there is a session that is deemed urgent.
Moreno’s comments came on March 26th at a meeting at the Blockchain Summit event of Digital Chamber, an organization that promotes the acceptance and use of digital assets.
“I was part of the digital chamber for 11 years. At first I was bringing together a small group of completely different people, but now it’s a pretty strong force in Washington, D.C.,” the senator also distinguished at the meeting.
Moreno argued, “We have to celebrate it, but it happened in a very short period of time.” “It’s an exciting moment,” he said in the face of growing interest in Bitcoin.
The senator then spoke on Social Network X about his statement in the case that “under the leadership of President Donald Trump, the United States will become the global standard for digital assets.”
The US is trying to strengthen its government status with more bitcoin
In line with the initiative, Trump ordered the establishment of a National Cryptocurrency Reserve three weeks ago. It was formed by the government confiscated the criminal case. The majority of these are from Bitcoin, with a total of 198,013 BTC registered.
In such an amount, The US is the world’s most central government of Bitcoin (as shown in the following graph) is a position that can be strengthened if the law is approved to allow BTC to be purchased. This, as reported by Cryptootics, cultivates bullish expectations for the market.
During this situation, various governments are assessing whether Bitcoin will be purchased as a strategic asset for its reserves. This includes Germany, which sold its forfeitured holdings last year. Therefore, depending on how these projects progress, high volatility in Bitcoin prices is expected.
(tagstotranslate)bitcoin(btc)
