S. 4912 proposes the creation of a Strategic Bitcoin Reserve in the United States to securely store Bitcoin holdings of the federal government. The bill outlines the establishment of facilities for Bitcoin storage, a Bitcoin Purchase Program to buy and hold up to one million...
Simple Explanation
The bill wants to create a big safe for the U.S. to keep lots of Bitcoins, kind of like a giant digital piggy bank, and it says how the country could use some of its money to buy and store these Bitcoins carefully.