Following Senator Cynthia Lummis' recent push for a Bitcoin Strategic Reserve bill, over 2,200 letters have been sent to U.S. Senators urging support for the proposal.

The bill advocates for creating a decentralized network of secure Bitcoin vaults managed by the U.S. Treasury, emphasizing stringent cybersecurity and physical security measures.

Lummis introduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act to the Senate, aiming for the U.S. Treasury to acquire 1 million Bitcoin, roughly 5% of the total supply, using existing Treasury funds.