Senator Cynthia Lummis, the sponsor of a bill calling for the US to set up a Bitcoin reserve, suggested that progress on the proposal is likely to take longer than many crypto advocates would like.

Senator Cynthia Lummis, one of Bitcoin’s biggest advocates in Washington, defended her decision to pay in cash at a Bitcoin-themed bar, saying she views Bitcoin as a long-term store of value. “Because I spend dollars and save Bitcoin,

Senator Cynthia Lummis’s leadership of the Senate Banking Subcommittee on Digital Assets marks a pivotal shift in U.S. financial policy. Read more here.

US Congressional support for a Bitcoin reserve is lacking, Senator Cynthia Lummis warns as BTC price momentum stalls. Bitcoin ( BTC) retreated from above $90,000 at the March 5 Wall Street open amid mixed signals over the US strategic reserve.

US Senator Cynthia Lummis said states are likely to adopt Bitcoin reserves before the US government does, according to Bloomberg.

Sen. Cynthia Lummis (R-WY) has been a champion for bitcoin and digital assets in Congress and has made strides in shaping policy.

Bitcoin stabilizes after Trump’s SBR order sell-off. ETF outflows, recession fears, and US trade policies weigh on BTC’s outlook. Can Senator Lummis’ bill shift sentiment?

Lummis will finally assume the role of Chair of the newly established Digital Asset Subcommittee under the Senate Banking Committee.

Strategy founder Michael Saylor explained in a March 7 document presented at the White House Crypto Summit that the US government should aim to acquire up to 25% of total Bitcoin supply.

Senator Lummis and industry leaders to explore US Bitcoin reserve initiatives amid changing digital asset regulations on March 11.

Bitcoin experienced selling pressure after breaching the $90,000 resistance line last week, which increased its bearish movement and caused its