A Strategic Bitcoin Reserve will be built through confiscation and taxation – and Lummis is already hard at work to make it happen.
Cynthia Lummis teamed up with Elizabeth Warren to propose the regulation of Bitcoin under anti-money laundering and counter-terrorist financing laws to "combat anonymous crypto asset transactions".
Cynthia Lummis also re-introduced the Responsible Financial Innovation Act "inspired by Senator Warren", which introduces higher penalties for "crypto asset crimes", regulates "mixers and tumblers", and increases KYC requirements.
A Strategic Bitcoin Reserve Bill cannot pass under any circumstances.