Industry executives have revealed that Republican Senator from Wyoming, Cynthia Lummis, plans to unveil a proposed bill called the BTC Strategic Reserve Legislation at a Bitcoin conference. While the specifics of the bill have not been disclosed, insiders suggest its aim is to guide the Federal Reserve in purchasing Bitcoin and holding it as a reserve asset, akin to current holdings of gold and foreign currencies, to assist in managing the US monetary system and ensuring the stability of the dollar's value. Currently, there is uncertainty surrounding Lummis' plan, with potential for delay. However, sources who have had direct communication with her team indicate she hopes to formally announce the bill at the meeting on Saturday. This week, Lummis has frequently posted hints of a significant announcement on her X account, sparking industry interest.