U.S. Congressman Tom Emmer has expressed confidence that a bill to establish a Strategic Bitcoin Reserve, aiming to acquire 1 million Bitcoin, will be enacted before the current session of Congress concludes. Congressman Nick Begich has also indicated that the likelihood of passing The Bitcoin Act, which would involve purchasing 1 million BTC, is increasing. Begich emphasized the importance of a Bitcoin reserve as a fallback should the U.S. dollar face collapse, suggesting that the reserve could hold between 5% to 15% of all Bitcoin. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io