"SPR"

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Discover how the U.S. Strategic Bitcoin Reserve marks a new era in national finance, integrating Bitcoin into long-term economic and geopolitical strategy.

On July 31, 2024, U.S. Senator Cynthia Lummis introduced the Bitcoin Bill. This bill aims to integrate Bitcoin into the U.S. national financial strategy by establishing a strategic Bitcoin reserve (SBR).

Although Trump did not sign a cryptocurrency executive order early in his tenure, the market remains hopeful about the U.S. establishing a Bitcoin (BTC) strategic reserve. Discussions primarily focus on potential sources of BTC reserves, including government-seized BTC, the Treasury's Exchange Stabilization Fund (ESF), and bond issuance etc.