Senator Lummis Discusses Digital Asset Legislation With SEC Nominee

According to BlockBeats, on January 8, U.S. Senator Cynthia Lummis met with Paul Atkins, the nominee for the U.S. Securities and Exchange Commission (SEC) chair, to discuss issues related to digital asset legislation and regulatory reforms. During the meeting, Lummis hinted at potential changes, humorously suggesting that the SEC should adopt an 'Atkins diet' approach. Previously, BlockBeats reported that on August 1, 2024, Senator Lummis from Wyoming officially introduced the Bitcoin Strategic Reserve Act. This legislation aims to establish a reserve fund for Bitcoin, a scarce decentralized asset, within the U.S. government. The act sets a long-term goal of accumulating one million Bitcoins, which would represent approximately 5% of the total Bitcoin supply. The plan involves using existing U.S. Treasury funds to purchase Bitcoin in amounts corresponding to the U.S. Treasury's gold allocations.