On January 8, US Senator Cynthia Lummis met with Paul Atkins, the nominee to chair the Securities Exchange Commission (SEC), to discuss digital asset legislation and rule reform. She hinted at possible future changes, joking about putting the SEC on an "Atkinsdiet." It was previously reported that on August 1, 2024, US Senator Cynthia Lummis of Wyoming formally introduced the Bitcoin Strategic Reserve Act, which would direct the US government to establish a reserve fund for this scarce decentralized asset. The bill also sets a long-term goal of accumulating 1 million bitcoins over time, which is about 5% of the total bitcoin supply. The bill plans to use existing US Treasury funds to purchase bitcoins at an amount corresponding to the US Treasury gold allocation.