States are likely to adopt Bitcoin ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” rel=”” target=”_self” text=”null” title=”https://cointelegraph.com/bitcoin-price”>BTC) reserves before the US federal government does, Senator Cynthia Lummis reportedly said on Feb. 28 during the Bitcoin Investor Week conference in New York.
“My bets are that you’ll see a state have a Bitcoin strategic reserve before the federal government,” Lummis said, data-ct-non-breakable=”null” href=”https://www.bloomberg.com/news/articles/2025-02-28/lummis-says-bitcoin-reserve-is-likely-to-come-first-from-states” rel=”nofollow noopener” target=”_blank” text=”null” title=”https://www.bloomberg.com/news/articles/2025-02-28/lummis-says-bitcoin-reserve-is-likely-to-come-first-from-states”>according to a Bloomberg report.
In July 2024, Lummis, a Wyoming Republican, proposed data-ct-non-breakable=”null” href=”https://www.lummis.senate.gov/press-releases/lummis-introduces-strategic-bitcoin-reserve-legislation/” rel=”null” target=”null” text=”null” title=”null”>legislation that would require the US federal government to create a national Bitcoin stockpile.
Her bill, dubbed the BITCOIN Act, calls for the US…
