The encryption-friendly Senator Lummis' new Bitcoin reserve bill will allow the U.S. government to hold more than 1 million BTC

Crypto-friendly U.S. Senator and Chair of the U.S. Senate Banking Digital Assets Subcommittee, Cynthia Lummis, has resubmitted a new version of the Bitcoin Reserve Bill. The latest version will allow the U.S. government to hold more than one million bitcoins, as long as these bitcoins are obtained through legal means other than direct purchase, such as civil or criminal confiscation, donation to the United States or transfer from federal agencies. The previous bill was to acquire a total of one million bitcoins within five years. In addition, the new bill also establishes an evaluation process for bitcoin fork assets and airdropped assets in reserve, requiring all forked assets to be stored in reserves and not sold or disposed of within five years unless legally authorized.