Today in crypto, a bill for the US to buy 1 million Bitcoin was re-submitted to Congress, the EU is scrutinizing OKX for a service that could’ve helped the Bybit hackers, and Ether could face further declines as ETF outflows and economic concerns pressure the market.
Lummis’ revamped BITCOIN Act wants US reserve to buy 1 million BTC
US Senator Cynthia Lummis’ reintroduced her BITCOIN Act on March 11 to allow the government to potentially hold more than 1 million Bitcoin (BTC) in its newly established reserve.
The bill, the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025, was first introduced in a different form in July and would’ve seen the US buy 1 million BTC, split across buys of 200,000 BTC a year for five years.
The revamped bill opens the door for the US to acquire