Enjoy the Day at the Bitcoin 2025 Conference In Las Vegas, Nevada US Senators Cynthia Lummis from Wyoming, Marsha Blackburn from Tennessee and Jim Justice from West Virginia took to the podium and gave an update on the federal and state levels of Bitcoin adoption within the United States.
Cynthia Lummis has announced President Donald Trump’s support for her. Strategic Bitcoin Reserve ActThis legislation would allow the United States to purchase up to 1,000,000 BTC. It also includes other pro-Bitcoin, stablecoin, and cryptocurrency laws.Â
“President Trump supports the bill,” She stated. “And he has a team in the White House working on digital assets — everything from stablecoins to market structure to Bitcoin Strategic Reserve. And they will probably roll out in that order.”
“States have always been the incubators of innovation,” Lummis said. “Senator Justice was the Governor of West Virginia, Senator Blackburn will be the next Governor of Tennessee. The states are where the innovation is occurring.”
“So you have Arizona, Texas and New Hampshire that passed Strategic Bitcoin Reserve bills this year,” She went on. “30 states consider Strategic Bitcoin Reserves. We have the United Arab Emirates purchasing Bitcoin through American exchange traded funds — that’s good for America.”
Senator Blackburn reiterated Lummis’ statements and shared her views on the ways in which other countries would follow America’s lead by adopting Bitcoin.
“Many of our allies follow what we do,” Blackburn said “Everybody wants to be a part of of our market, they want to be a part of our trade. And they will follow what we do. And as Senator Lummis said, we already see countries that are establishing these reserves. So it is vitally important that we hold this as a portion of our reserves.”
Justice stressed that in order to succeed, “we have got to get the economics right. Many people ask me many times as Governor, ‘what’s the most important thing you do?’ And I’ll promise you this, it’s all about the economics.”Â
Justice went on to say that once the everyday consumer starts using Bitcoin for their daily necessities, legislation will begin. “happening at light speed”Politicians want to be re-elected so they have to follow the will and wishes of their constituents.
Below you can view the entire panel discussion as well as the remainder of the Bitcoin 2025 Conference Industry Day.
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Source: bitcoinmagazine.com
