“Paul is a proven leader for common-sense regulations,” Trump said on a Truth Social post. “He recognizes that digital assets and other innovations are crucial to making America greater than ever before.”
Financial regulation expert Jennifer Schulp of the Cato Institute noted that Atkins’ leadership could signal a rollback of enforcement actions against crypto and pave the way for new regulatory frameworks.
Strategic Bitcoin Reserve Proposed
Amid the rising optimism, pro-crypto legislation is also gaining momentum. Senator Cynthia Lummis (R-WY) plans to reintroduce her BITCOIN Act, proposing a strategic bitcoin reserve for the United States.
The initiative aims to establish a national reserve of one million bitcoins, valued at nearly $100 billion, to hedge against inflation and bolster the dollar’s global standing.
While proponents praise the idea as a safeguard against economic instability, critics highlight the risks associated with bitcoin’s volatility.
