On July 31st, Wyoming Senator Cynthia Lummis introduced the 'Innovation, Technology, and Competitiveness Promotion Act of 2024,' commonly known as the 'Bitcoin Bill of 2024.' The proposed legislation suggests that the US Treasury establish a Bitcoin vault and plans to purchase a total of 1 million bitcoins over the next five years. This initiative aims to utilize Bitcoin as part of national assets to promote national development in investment, technological innovation, and economic competitiveness. American digital asset advocates, the Digital Chamber, support this move and urge lawmakers to vote positively to implement this innovative policy.