Earlier this year, U.S. senator Cynthia Lummis (R-Wyo.) introduced The Bitcoin Act to Congress, calling for the creation of a strategic bitcoin reserve to reduce the U.S.'s spiraling, near-$36 trillion national debt by buying 1 million bitcoin over five years.

Bitcoin continued to climb to fresh all-time highs on Thursday, approaching six-figure territory on news that President-elect Donald Trump is considering candidates for a position dedicated toward steering cryptocurrency policy.

Donald Trump’s transition team is deep in talks with industry insiders about setting up a White House position focused entirely on crypto. If the plan moves forward, this would be the first time the White House creates a job solely for cryptocurrency policy.

Donald Trump is reportedly considering creating the first-of-its-kind position in the White House that will focus on crypto policy, and crypto users already have candidates in mind, including very familiar names.

Donald Trump is reportedly considering creating the first-ever crypto role in the White House to focus on US crypto policy.

Bitcoin topped US$97,000 for the first time as the digital-asset sector moves to cement its influence with Donald Trump by pushing for a new White House post dedicated to cryptocurrency policy. Trump’s team is holding discussions about whether to create such a role for the first time and the industry is pitching for the position to have direct access to the president-elect,