A crypto-focused nonprofit says that US senators have so far received over 2,200 letters urging them to co-sponsor and support a bill to make Bitcoin (BTC) a strategic reserve asset.
Bitcoin mining advocacy organization Satoshi Action Fund launched an initiative encouraging the public to ask their senators to support the BITCOIN Act of 2024 proposed by Senator Cynthia Lummis (R-WY).
The group says the approval of the bill will protect the US against financial crises, enhance national security, position the nation as the leader in the global digital economy and help the US counter global economic threats.
“The moment to secure our financial future and bolster America’s leadership in technology is here. We have a critical opportunity to support the Senator Lummis ‘Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2024,’ also known as the ‘BITCOIN Act of 2024.’”
In a post on social media platform X, Satoshi Action Fund CEO and co-founder Dennis Porter reveals that over 60% of the letters were sent to Democrat senators.
“In just 48 hours over 2,200 letters have been sent to U.S. Senators requesting them to co-sponsor and support the ‘Strategic Bitcoin Reserve’ bill.
Democrats received – 1,333 letters
Republicans received – 850 letters
Independents received – 41 letters.”
Porter says it will be up to the offices of the senators to respond to the people who sent the letters.
“Letters are sent from constituents, not us. Generally, a good chunk of the offices will respond to their constituents.”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney