- Senator Cynthia Lummis proposes adopting Bitcoin as a strategic reserve.
- Underneath the invoice, the Trump administration will buy 1 million bitcoins, or 5% of the whole provide.
- Lummis' proposal is an answer to the nation's rising debt.
Republican Senator Cynthia Lummis launched a revolutionary invoice to just accept Bitcoin as a strategic reserve of the US. Through the 2024 Bitcoin Convention in Nashville, Lummis proposed that the federal government beneath Donald Trump's presidency purchase 5% of the whole provide of bitcoins and maintain them for a minimum of 20 years.
The senator acknowledged the transfer as an answer to the nation's rising debt. In a latest X publish, Lummis hinted on the potential growth and its results on the nation's financial system: “The very best is but to come back… you ain't seen nothing but.”
Within the interview, Lummis stated that bitcoin is a good retailer of worth. Evaluating bitcoin to the US greenback, Lummis highlighted bitcoin's potential to extend the nation's monetary edge, stating…
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