🟦Wyoming Senator Cynthia Lummis announced plans to create a strategic Bitcoin reserve following the elections. She introduced the Bitcoin Act, under which the U.S. government would be required to purchase 1 million BTC and hold them for a minimum of 20 years.
🟦Republicans are expected to gain a majority in the U.S. Senate after winning three seats on election day, which would give Lummis and her colleagues the votes needed to implement this plan.
🟦Pro-crypto candidates achieved a major victory in the U.S. elections. Some industry leaders suggest that the results for the Democrats may have been influenced by their stance on cryptocurrency.