U.S. Congress to Enact Bill for 1 Million Bitcoin Strategic Reserve Before Session Ends, Says Tom Emmer

U.S. Congressman Tom Emmer has expressed confidence that a bill to establish a Strategic Bitcoin Reserve, aiming to acquire 1 million Bitcoin, will be enacted before the current session of Congress concludes.

Congressman Nick Begich has also indicated that the likelihood of passing The Bitcoin Act, which would involve purchasing 1 million BTC, is increasing. Begich emphasized the importance of a Bitcoin reserve as a fallback should the U.S. dollar face collapse, suggesting that the reserve could hold between 5% to 15% of all Bitcoin.

Senator Tommy has voiced support for the initiative, suggesting that buying 1 million Bitcoin is an important step for the United States. Meanwhile, reports from CNBC suggest that China is also exploring the possibility of investing in Bitcoin, indicating a global interest in the cryptocurrency.

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