Peter Schiff Says The Bitcoin Reserve Bill Gets Plenty Of Attention, But Not On Capitol Hill — Questions Lack Of Co-Sponsors

Renowned economist Peter Schiff, on Monday, questioned the government’s plans to set up a strategic Bitcoin (CRYPTO: BTC) reserve, pointing out the lack of support in Congress.

What Happened: Schiff took to X to comment on the proposed legislation for a national Bitcoin stockpile. He noted that, apart from Senator Cynthia Lummis (R-Wyo.), who introduced the bill, and Rep. Ro Khanna (D-Calif.), the bill has failed to garner any co-sponsors or significant attention among lawmakers.

“The bill to establish a “strategic” Bitcoin reserve gets lots of attention among the HODL crowd on X, but not so much on Capitol Hill. The bill has no co-sponsors,” Schiff said.

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