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>
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   <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>
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<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

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