On January 8, U.S. Senator Cynthia Lummis met with U.S. Securities and Exchange Commission (SEC) chairman nominee Paul Atkins to discuss digital asset legislation and rule reform. She hinted at possible changes in the future, joking that she wanted the SEC to enter "Atkinsdiet mode." As previously reported, on August 1, 2024, U.S. Senator Cynthia Lummis of Wyoming officially proposed the "Bitcoin Strategic Reserve Act", which will direct the U.S. 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, representing approximately 5% of the total Bitcoin supply. The bill plans to use existing U.S. Treasury funds to purchase Bitcoin in an amount corresponding to the U.S. Treasury’s gold allocation.