Senator Lummis Reintroduces Bitcoin Act as BTC Market Sees Major Moves

Pro-crypto U.S. Senator Cynthia Lummis has reignited excitement in the Bitcoin community by reintroducing the Bitcoin Act, a bill proposing the U.S. government establish a strategic Bitcoin reserve. Originally proposed in July last year but rejected, the bill has now gained momentum after President Donald Trump signed an executive order supporting the initiative. Lummis made the announcement at a Bitcoin conference, tweeting, “Big things coming” and emphasizing the importance of Bitcoin for America’s financial future.

The Bitcoin Act aims to “codify President Trump’s bold vision” by gradually purchasing 1 million BTC over the next five years and holding it for at least two decades. The senator described Bitcoin as more than just a technological innovation, calling it a “national imperative” for the U.S. to maintain financial leadership.

Meanwhile, financial expert and “Rich Dad Poor Dad” author Robert Kiyosaki has doubled down on his Bitcoin investment amid recent market turbulence. He described the current stock and crypto decline as the “biggest crash in history,” but called it a rare buying opportunity. Bitcoin initially dropped by 7% earlier this week before rebounding 4.21%, now trading at $80,860. Kiyosaki reaffirmed his bullish stance, stating he will continue accumulating Bitcoin, gold, silver, and real estate at discounted prices.

With political backing and influential investors like Kiyosaki reinforcing Bitcoin’s potential, the market remains at the center of global financial discussions.