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>
<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">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>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<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

Ďalšie články zverejnené 28. 7. 2024

Rollblock Becoming The Fastest Growing Crypto Presale As Thousands More Sign Up; Optimism and IMX...

Solana Memecoin Graveyard: Majority Of June Launches Collapse

Activision reveals Call of Duty players preferred skill-based matchmaking

Bitcoin in the United States: The amazing results of a new study

Casper Network says security breach contained, network still halted

Ethereum Faces Investment Response Issue

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!