Analyst: US Senators and Members of Congress Don't Understand Cryptocurrency, Bitcoin Strategic Reserve Rises
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Odaily Planet Daily News: Republican Senator Cynthia Lummis plans to push a bill when the new Congress takes office next year, requiring the United States to acquire 1 million bitcoins, accounting for nearly 5% of the circulating token. Jennifer J. Schulp, Director of Financial Regulatory Research at the Center for Monetary and Financial Alternatives at the Cato Institute, said, "This is still putting government money on the bet, and Bitcoin has not shown itself as a particularly stable asset. The bill requires senators and members of Congress to gain greater confidence in its long-term feasibility, and they may not be as familiar with cryptocurrency