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The price of bitcoin was easing after hitting a record high Tuesday when U.S. Senator Cynthia Lummis said 2025 would be the year for the crypto sector.
Lummis said on X “this will be the most pro-digital asset administration ever” and is working to pass comprehensive digital asset legislation and create a strategic bitcoin reserve.
Holding bitcoin reserves would only make sense if the U.S. wants to boost bitcon’s price and Lummis allegedly owns bitcoins, Commerzbank’s Ulrich Leuchtmann said in a note.
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