Reserve

2024

Bitcoin

Trillion

<ul class="news-points">
 <li><strong>The U.S. national debt has passed a staggering $35 trillion.</strong></li>
 <li><strong>Senator Lummis thinks a Bitcoin reserve could stem the negative economic trend.</strong></li>
 <li><strong>Lummis proposes the U.S. buys 5% of the world’s Bitcoin supply.</strong></li>
</ul>
<p>The U.S. Senator from Wyoming, Cynthia Lummis, has reiterated the need for the government to implement a “strategic Bitcoin reserve.” In a recent post on X, Lummis noted that the U.S. national debt has surpassed a staggering $35 trillion, and only a Bitcoin reserve could curb the negative economic trend. According to her, the implementation would also help to pay down the national debt for future generations.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Today, the national debt has passed a staggering $35 trillion.<br>&nbsp;<br>A strategic Bitcoin reserve could stop this runaway train and help pay down the national debt for our future generations.</p>— Senator Cynthia Lummis (@SenLummis) <a href="https://twitter.com/SenLummis/status/1818092133812670604?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 30, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Lummis’ recent post supports her proposal during the just-concluded Bitcoin 2024 in Nashville. In her keynote address, the Senator proposed the strategic Bitcoin reserve bill to revolutionize the U.S. fiscal strategy. She suggested the U.S. purchase 5% of the world’s Bitcoin supply and hold it for at least…</p>
<p>The post <a href="https://coinedition.com/senator-lummis-advocates-for-bitcoin-reserve-to-address-35-trillion-us-national-debt/" rel="noopener noreferrer nofollow">Senator Lummis Advocates for Bitcoin Reserve to Address $35 Trillion US National Debt</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Senator Lummis Advocates for Bitcoin Reserve to Address $35 Trillion US National Debt

Coin Edition

Otros artículos publicados el 30 jul 2024

Dems Could Sell Off All Bitcoin To Thwart Trump’s ‘Stockpile’ Plans: Experts

Kamala Harris Considers Gary Peters for Vice President in 2024

Andrew Left Pleads Not Guilty to Securities Fraud Charges

ZKX Unveils ‘Isolated Funds’ to Minimize Losses for Users

Get Exclusive Early Access: CATI Token from Catizen on Bybit's Pre-Market Trading (30 Jul)

Bybit Unveils Digital Rupee (eRupee), a Secure Payment Solution for INR Users

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!