The new reintroduced strengthening of change, technology, and competitiveness through that -already -optimized investment nationwide (Bitcoin) Act of 2025 by Senator Cynthia Lummis will allow the United States to potentially hold more than 1 million Bitcoin (Btc) in its crypto reserve.
The bill has appointed the government to buy 200,000 BTC a year for five years, which will be paid for existing funds within the Federal Reserve and Treasury Department.
If signed in the law, the law will allow the US to hold more than 1 million BTCs as long as the owners are obtained by law means except for direct purchases, including criminals or civil forfeitures, gifts, or transfer from federal agencies.
Democratic legislators encourage Treasury to stop Trump’s Bitcoin reserve plans
US representative Gerald Connolly, a Democrat from Michigan, called on Treasury to stop efforts to create a crypto reserve in the United States. The lawmaker said there were conflicts of interest to US President Donald Trump and argued that the reserve would not benefit the Americans.
Connolly criticized the reserve in a letter addressed to Treasury Secretary Scott Bescent, focusing that there was no “recognizable benefit” to Americans and the move would rather make Trump and his donors more rich.
Argentine Interpol Red Notice’s lawyer requests for Libra creator: Report
Argentine lawyer Gregorio Dalbon was looking for a notice of Interpol Red for Hayden Davis, the co-creator of the Libra token, which led to a political scandal in Argentina.
Dalbon submitted a request, looking for a red notice, to Prosecutor Eduardo Tiano and Judge María Servini, investigating President Javier Milei’s involvement in the Memecoin project.
In a filing, the lawyer said there was a risk of the procedure if Davis remained free. The lawyer argued that Davis could have access to funds that could allow him to hide or flee to the US.
America should restore pro-stablecoin laws, denying CBDC-US Rep. EMMER
At the hearing of the Financial House Committee hearing, US representative Tom Emmer said the Central Bank Digital Currencies (CBDCs) threatened American values. The lawmaker called on Congress to pass his CBDC Anti-Surveillance State Act to prevent future administrations from launching a CBDC without the approval of Congress.
Emmer said at a hearing that CBDC technology was “naturally un-American,” adding that allowing non-selected bureaucrats to issue a CBDC could “raise the way of American life.”
Texas Lawmaker aims to i -Cap the suggested state BTC purchase of $ 250 million
Ron Reynolds, a representative of the democratic state in Texas, suggested a cover for state investment in Bitcoin or other cryptocurrencies.
The lawmaker suggested on a bill that the State Comptroller should not be allowed to invest more than $ 250 million in crypto. The bill also directs Texas municipalities or counties who do not invest more than $ 10 million in crypto.
The proposed bill complies with the Texas Senate approved law that establishes a Strategic Bitcoin reserve in the state.
