Senator Cynthia Lummis recently stated that U.S. states may adopt Bitcoin reserves before the federal government does. Speaking at the Bitcoin Investor Week conference, she expressed optimism that a state would establish a strategic Bitcoin reserve before any federal initiative. In July 2024, Lummis proposed the BITCOIN Act, which aims for the U.S. Treasury to ...
Senator Cynthia Lummis is preparing to announce an important update regarding a strategic Bitcoin reserve plan today at 10 a.m. This initiative aims to help combat inflation by proposing that the U.S. Treasury purchase 1 million Bitcoins over five years, with a commitment to hold them for at least 20 years. The proposed BITCOIN Act, ...
Donald Trump’s proposal for the U.S. to establish a strategic Bitcoin reserve has sparked debate among economists and crypto enthusiasts. While Senator Cynthia Lummis introduced the BITCOIN Act of 2024 to acquire one million Bitcoins, many question the value of such a reserve, as Bitcoin’s utility remains largely speculative. Critics argue that Bitcoin should not ...
