Bitcoin for America? Lummis teases “great things cook”

Is the American treasury to hold Bitcoin? Lummis suggested the Strategic Bitcoin Reserve last year – now says “big things cook”. What’s really on the table?

Lummis sets Bitcoin on a large phase

Senator Cinthia Lummis announced that she would be hosted for Bitcoin (Btc) For America, event takes place at 11. March in Washington, DC

Organized Bitcoin Policy Policy, the event will bring together the main managers, public officials and professionals of politics to discuss the role of Bitcoin in the American economy.

In her announcement, Lummis used Bitcoin’s symbol (₿), stating, “what things cooking”, “suggests something significantly, probably new legislative efforts or political discussions in the future Bitcoin in the country.

This is coming at the time Bitcoin adoption And regulatory frameworks are at a crossroads, with increasing interests and from policy makers and financial institutions.

Lummis has long been a key Proponent of Bitcoin in Congress, subproperty legislation for the establishment of clear crypto regulations and push For the Bitcoin Strategic Reserve for American treasury.

With its direct participation in Bitcoin for America, this event could serve as a platform for accelerating political discussions and shaping the upcoming regulatory moves.

But what exactly is that Lummis works and what can we expect from this event? Let’s look closer.

What is to cook for Bitcoin in DC?

Senator Lummis made big steps in shaping Bitcoin and crypto politics in Washington, because it swore like the first ever chair Subcommittee for Senate Banking on Digital Property 23. January.

Before taking this position, Lummis is a long time as a long time in the role of Bitcoin in the financial system and only six months earlier, she presented one of her most ordinary proposals to politics.

In July 2024. Years, in the last day Bitcoin conference 2024. In Nashville, she announced a plan for the American Strategic Reserve Bitcoin. The proposal called for the American cash register to gradually accumulate Bitcoin, treating it as a long-term tool, not a speculative investment.

She dressed it as a strategy to strengthen the American dollar against inflation and strengthened American leadership in the global financial system.

Moreover, since it becomes the Chairman of the subparagraph, Lummis is actively working on several fronts. In February, she sent two key letters that press financial regulators to crypto policies.

20. February, she had a goal in federal reserves, demanding Documents related to the COKE POINT 2.0 operation, the term used to describe the alleged regulatory pressure on banks to limit access to crypto-related enterprises.

She, together with Senator Tim Scott, invited to transparency whether the federal backup governor’s and Federal Reserve Dallas and Richmond banks are engaged in discriminatory actions against digital funds.

Lummis made it clear that he would claim the privilege or confidentiality will not release the fed competence of the Congress, after the deadline of 13. March to produce documents.

The next day, 21. February, she and a bipartisan group of Senators send Letter to the Securities and Exchange Commission, demanding clarity on his position according to the Protocol which will be advocated in digital products traded.

She expressed concern Canada and Europe Allow to stab in their crypt BagThe Sec still prohibits this in the United States, putting American property managers into a disadvantaged situation.

The letter specifically calls for transparency to the SEC explanation, potential risks and benefits of the agency identified and wider implications for digital assets that rely on their consensus mechanisms.

The senators set a period of 21. Marta to do to respond, signal that they expect clear answers.

Now, with Bitcoin for America, the event approaches, it could take a look at what is next for Washington crypto policy.

A meeting that could change everything

The first hearing of the Senate Banking Subsection on digital property was set 26. February at 14:30 ET, marking the beginning of what could define chapters in the American crypt policy.

Senator Lummis, who chairs the subcommittee, called him a critically first step towards the courtyard legislation, and the discussions focused on market structure and stablecoins.

In Tweet before the hearing, Lummis stated, “Yes, this is a big deal,” crucifying key topics and confirming that experts will provide testimony that could shape future regulations.

But she faces a key challenge – as she worked closely with the Democratic Senator Kirsten Gillibrand on crypto policy in the past, Gillibrand is not a member of the Senate Banking Board.

That means Lummis needs to build alliances with other senatical democrats to move forward.

So far there are signs of support, and Gillibrand has already sponsored Genius In addition to Senator, the Hagerti, an account that could open the way for the control of Stephone.

The hearing of witnesses of the hearing reflects the growing pressure for regulatory clarity and reform. Among them is Jai Massari, co-founder and the Chief Legal Officer Lightmarka.

Another key witness, Austin Campbell, a well-known figure in both traditional finances and digital and digital assets, recently approved by SEC regulatory regulator within Biden Administration.

Article, “The Colossal Wreck” accused Excessive implementation agency that suffocated crypto innovation.

Campbell claims that democratic officials used to call him to alleviate his position on the former Sec Chair Gari Gensler, but he refused. Instead, he doubled, calling him responsible for what he marked the “embarrassing chapter in the American history of financial regulation” unsuitable for power.

Masari echoed this feeling, referring to the “clear view” on regulations and advocacy for reforms outside political divisions.

Although their testimonies remain unclear, their recent comments suggest a more recent regulatory framework.

Behind Massari and Campbell, other key witnesses include Jonathan Jachim, the Deputy General Chart of Digital Property, who recently testified at the Cryptian Policy, Levis Cohen, and Timothes Massad, Director of Digital and Cohenzation. Project at Harvard’s Kennedy School of Government.

Lummis will also work next to Senator Ruben Gallega, a member of the Subcommittee from the Democratic Party.

While new in this role, Gallego supported crypturial policies, including Fit21 In the house and abolition SAB 121Regulatory rule contrary by the crypto industry. His attitude could be crucial to shape bipartis’ cooperation.

The hearing will be revising for public viewing, offering an early view of how this subcommittee plans to approach the crypto regulation in the coming months.