Deniz 
Legislatively speaking, pro-crypto Senator Cynthia Lummis is poised to have a major influence on the sector. A Fox Business article on July 24 reveals the Wyoming Republican intends to present her idea for a Strategic Bitcoin Reserve at the forthcoming Bitcoin Conference in Nashville. This law would be a major step toward incorporating Bitcoin into conventional banking systems.
Like it does for gold and foreign currencies, the proposed measure seeks to mandate the Federal Reserve to maintain Bitcoin as a strategic reserve asset. This action might make Bitcoin a vital part of US monetary system management and the value stabilization of the US dollar.
Still, people familiar with this issue claim the details of the bill are unknown. Insiders disclose that the announcement might take place on Saturday, right before former President Donald Trump’s planned speech. Lummis might also talk about the measure during a Friday fireside discussion moderated by former Democratic Representative Tulsi Gabbard, now a Trump supporter.
Moreover, the report states that Lummis has been aggressively asking her Senate Banking Committee colleagues for help. Her goal in finding co-sponsors is to increase the likelihood of the measure passing the legislative process. Lummis has not formally verified the specifics, but her last tweet suggesting “big things in store this week” has generated conjecture.
For the crypto community, the forthcoming Bitcoin Conference on July 25–27 is seen as historic. Attracting important industry leaders and well-known politicians like presidential contenders Donald Trump and Robert F. Kennedy Jr., the conference promises to be a vital forum for debating the direction of digital assets.
Vice President Kamala Harris was under negotiation for one of the conference speakers, according to prior BeInCrypto reporting. But in the most recent updates, David Bailey, CEO of Bitcoin Magazine—the planner of the Bitcoin Conference—announced that Harris will not be presenting at the event.
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