Wyoming Introduces Legislation to Allow Funds to Diversify into Bitcoin
The state of Wyoming is introducing new legislation to allow permanent funds to diversify into Bitcoin, paving the way toward a Bitcoin Reserve. According to WY senator Cynthia Lummis, the proposal will “benefit our state as we lead the nation in financial innovation!” JUST IN: Wyoming introduces legislation to allow permanent funds to diversify into Bitcoin, Senator Cynthia Lummis says. — Watcher.Guru (@WatcherGuru) January 17, 2025 Recently, Senator Lummis and Donald Trump’s incoming Treasury Secretary Scott Bessent met to discuss the United States’ potential strategic Bitcoin reserve. Senator Lummis has been a strong advocate for establishing a Bitcoin reserve in the United States. She and other US senators introduced the bill to the senate last year, saying that Bitcoin as a reserve asset could rescue the US economy. Lummis’ draft for the Bitcoin Act of 2024 proposes the country create a reserve of the leading crypto. Its presence would strengthen the US dollar an...