Republican

United

2024

Bitcoin

<ul class="news-points">
 <li><strong>Senator Cynthia Lummis proposes to accept Bitcoin as a strategic reserve.</strong></li>
 <li><strong>According to the bill, Trump’s government will purchase 1 million Bitcoin, which is 5% of the total supply.</strong></li>
 <li><strong>Lummis’ proposal is a solution to the country’s mounting debt.</strong></li>
</ul>
<p>Republican Senator Cynthia Lummis has<a href="https://rumble.com/v586l5o-bitcoin-2024-conference-nashville-general-day-2-0727.html" target="_blank" rel="noopener noreferrer nofollow"> introduced</a> a revolutionary bill to accept Bitcoin as the United States’ strategic reserve. During the Bitcoin Conference 2024 in Nashville, Lummis proposed that the government under Donald Trump’s presidency would purchase 5% of the total Bitcoin supply and hold it for at least 20 years.</p>
<p>The Senator acknowledged the move as a solution for the country’s mounting debt. Hinting at the potential developments and their impacts on the country’s economy, Lummis wrote in a recent X post, “The ₿est is yet to come… you ain’t seen nothing yet.”</p>
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   <p lang="en" dir="ltr">The ₿est is yet to come… you ain’t seen nothing yet.<a href="https://twitter.com/hashtag/Bitcoin2024?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin2024</a></p>— Senator Cynthia Lummis (@SenLummis) <a href="https://twitter.com/SenLummis/status/1817302189829660702?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 27, 2024</a>
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<p>In an interview, Lummis posited that Bitcoin is a great store of value. Comparing Bitcoin with the US Dollar, Lummis highlighted the former’s potential to boost the country’s financial lead, stating…</p>
<p>The post <a href="https://coinedition.com/senator-cynthia-lummis-proposes-to-buy-1-million-btc-in-5-years/" rel="noopener noreferrer nofollow">Senator Cynthia Lummis Introduces Strategic Bill: Bitcoin as a National Reserve&nbsp;</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Senator Cynthia Lummis Introduces Strategic Bill: Bitcoin as a National Reserve

Coin Edition

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