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HomeCoins NewsBlockchainSenator Lummis Advocates Bitcoin Reserve to Tackle $35 Trillion US Nationwide Debt

Senator Lummis Advocates Bitcoin Reserve to Tackle $35 Trillion US Nationwide Debt

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Will the US Adopt a Bitcoin Strategy to Solve Escalating National Debt Problems?

  • The US nationwide debt has exceeded a staggering $35 trillion.
  • Senator Lummis thinks the Bitcoin Reserve may cease the damaging financial pattern.
  • Lummis means that the US purchase 5% of the world's bitcoin provide.

US Senator from Wyoming, Cynthia Lummis, reiterated the necessity for the federal government to determine a “strategic bitcoin reserve”. In a current publish on X, Lummis famous that the U.S. nationwide debt has surpassed a staggering $35 trillion, and solely a Bitcoin reserve may restrict the damaging financial pattern. In response to her, the implementation would additionally assist to repay the nationwide debt for future generations.

Lummis' current publish helps her proposal throughout the just-concluded Bitcoin 2024 in Nashville. In her keynote speech, the senator proposed the Bitcoin Strategic Reserve Act, which might revolutionize US fiscal technique. She proposed that the US purchase 5% of the world's bitcoin provide and maintain it for at the least…

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The publish Senator Lummis Advocates Bitcoin Reserve to Clear up $35 Trillion US Nationwide Debt appeared first on Coin Version.

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