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

Andra artiklar publicerade 30 juli 2024

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

Bittensor’s Comeback as it Resumes Its Rally: What Will Become of It In The Top Meme Coin Presale...

Bitcoin – Trump Takes the World by Surprise

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)

Rho Markets Hit by $7.5M Hack, Attackers Demand Admission of Oracle Error for Fund Return

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!