U.S. Senator Lummis: Trump Supports Bitcoin Bill
U.S. Senator Cynthia Lummis from Wyoming stated on Tuesday that Trump supports her proposed Bitcoin bill. At the Bitcoin conference held in Las Vegas, Lummis mentioned that Trump "has a team at the White House dedicated to digital asset issues—from stablecoins to market structure, and then to Bitcoin strategic reserves—they might roll out in this order." The senator's draft Bitcoin bill suggests establishing a strategic Bitcoin reserve and purchasing 1 million Bitcoins for this purpose.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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