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Home»Regulation»US Senators Receive 2,200 Letters in Under 48 Hours in Support of Senator Lummis’ Pro-Bitcoin Bill
US Senators Receive 2,200 Letters in Under 48 Hours in Support of Senator Lummis’ Pro-Bitcoin Bill
Regulation

US Senators Receive 2,200 Letters in Under 48 Hours in Support of Senator Lummis’ Pro-Bitcoin Bill

2024-08-05No Comments2 Mins Read
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A crypto-focused nonprofit says that US senators have up to now acquired over 2,200 letters urging them to co-sponsor and assist a invoice to make Bitcoin (BTC) a strategic reserve asset.

Bitcoin mining advocacy group Satoshi Motion Fund launched an initiative encouraging the general public to ask their senators to assist the BITCOIN Act of 2024 proposed by Senator Cynthia Lummis (R-WY).

The group says the approval of the invoice will defend the US in opposition to monetary crises, improve nationwide safety, place the nation because the chief within the world digital financial system and assist the US counter world financial threats.

“The second to safe our monetary future and bolster America’s management in know-how is right here. Now we have a vital alternative to assist the Senator Lummis ‘Boosting Innovation, Expertise, and Competitiveness by way of Optimized Funding Nationwide Act of 2024,’ also called the ‘BITCOIN Act of 2024.’”

In a publish on social media platform X, Satoshi Motion Fund CEO and co-founder Dennis Porter reveals that over 60% of the letters had been despatched to Democrat senators.

“In simply 48 hours over 2,200 letters have been despatched to U.S. Senators requesting them to co-sponsor and assist the ‘Strategic Bitcoin Reserve’ invoice. 

Democrats acquired – 1,333 letters

Republicans acquired – 850 letters

Independents acquired – 41 letters.”

Image
Supply: Dennis Porter/X

Porter says will probably be as much as the workplaces of the senators to answer the individuals who despatched the letters. 

“Letters are despatched from constituents, not us. Typically, an excellent chunk of the workplaces will reply to their constituents.”

See also  EU watchdog does not deem crypto link to TradFi ‘significant’ to pose systemic risk yet

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