Bitcoin has soared on the optimism that Donald Trump, if elected president, will keep his word and support Bitcoin as well as the entire crypto industry.
The Senate is now under Republican control, but the House remains up for grabs.
As the US’s future power balance becomes clearer, Wyoming Republican senator Cynthia Lummis promises that the US will keep BTC in reserve as an asset.
Trump pledged during his campaign that the US will stop selling Bitcoins on the open markets and hold them as investments instead.
He also pledged to dismiss Gary Gensler as the chairman of U.S. Securities and Exchange Commission, to end policies which prevent digital asset investors and businesses from using them and to support individuals’ rights to store crypto in their wallets.
Bitcoin has reached a new high, $75,883, at the time of publication.
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The post Bitcoin Price Breaks $75,800 as Senator Cynthia Lummis Promises Strategic BTC Reserve might be updated depending on the latest developments.
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