According to three crypto industry executives familiar with the bill, pro-cryptocurrency Wyoming Republican Senator Cynthia Lummis is planning to announce BTC strategic reserve legislation at the Bitcoin conference. Although the specific content of the bill is not clear, according to a person who has seen the first draft, the purpose of the bill is to direct the Federal Reserve to buy bitcoin and hold it as a reserve asset, just as the U.S. central bank holds gold and foreign currencies, to help manage the U.S. monetary system and keep the value of the dollar stable. At press time, Lummis' plans were still undecided and an announcement could be delayed. But people who have had direct contact with some Lummis staff members said she hoped to announce her bill at Saturday's meeting, and that her staff hoped Mr. Trump would support the bill and the ideas behind it. Lummis has been hinting at a big announcement on her X account this week, writing: "Something big is going to happen this week, so stay tuned".