#比特币机构采用与储备 The news of Lummis not seeking re-election is indeed worth noting. From an on-chain perspective, her efforts to promote the Bitcoin Reserve Act are essentially paving the way for institutional-level BTC adoption. The advancement of the CLARITY Act and the Responsible Financial Innovation Act directly relates to the improvement of the regulatory framework for the entire industry.

The key point is that regulatory pressure in the Gensler era is easing, and the policy environment is shifting towards being clearer and more friendly. This means that the institutional funding entry barriers are gradually being removed. Moving forward, attention should be paid to who will succeed her on the Digital Asset Working Group of the Banking Committee— the attitude of the new chair will directly influence the progress of proposals related to the Bitcoin Reserve.

In the short term, policy expectations are likely to restore market confidence; in the medium term, tracking institutional holdings data and the capital flow of spot ETFs is necessary. Such political signals are often leading indicators of whale movements.