Senator Cynthia Lummis Introduces Bill to Purchase 1 Million Bitcoin 📉
Senator Cynthia Lummis has proposed the BITCOIN Act to establish a Bitcoin reserve for the United States, mirroring strategies for commodities like oil and gold. The plan involves a network of secure Bitcoin vaults overseen by the US Department of Treasury. The goal is to acquire 1 million Bitcoin units, approximately 5% of the global supply, funded by reallocating existing Federal Reserve and Treasury resources.
Despite Lummis' endorsement, Bitcoin's price dropped by 2.97%, now trading at $64,462. The proposal emphasizes private Bitcoin holders' self-custody rights and aims to position the US as a financial innovation leader amidst rising inflation and national debt.
While Lummis announced the bill at the Nashville Bitcoin Conference, critics argue she's pandering to voters and that the $70 billion investment is minimal compared to the $34 trillion national debt. Paul Vigna, a well-known author, doubts the bill's effectiveness, arguing Bitcoin holds little strategic importance.
The BITCOIN Act's introduction is a landmark in US legislative history, initiating significant debate on integrating digital assets into national financial strategies. This proposal highlights varied perspectives on Bitcoin's role in government finance.
Ähnliche Artikel
Lummis Introduces Bitcoin Reserve Bill Aiming to Bolster US's Global Financial Standing
US lawmaker doubles down on crypto promises after Trump win
Senator Lummis' Bitcoin reserve proposal faces uphill battle
Senator Lummis says Treasury should convert gold for Bitcoin reserve
How Senator Lummis’s 1 Million Bitcoin Purchase Plan Will Actually Play Out: Draft Bill
Senator Cynthia Lummis Yet Again Advocates for Bitcoin Strategic Reserve
Senator Lummis Hints at U.S. Strategic Bitcoin Reserve, Echoing Trump’s Crypto Promises
Cynthia Lummis Suggests Bitcoin Reserve as Solution to Tackle US National Debt
How Is US Bitcoin Reserve Shaping Up In Trump’s America?
Cynthia Lummis Advocates for Bitcoin’s Role in Reducing U.S. National Debt
Trump and Senator Lummis Announce Major Bitcoin Legislation
Cynthia Lummis Proposes Buying One Million Bitcoin with Federal Reserve Gold Assets
US Bitcoin Reserve Legislation Gains Bipartisan Support With Democrat’s Endorsement
Bitcoin Out, Gold In: Senator’s Bold Proposal To Replenish US Reserves
Senator Lummis Pushes For Bitcoin Strategic Reserve: Proposes Gold Sale As Funding Source
The proposal of Cynthia Lummis: sell the gold of the Fed to buy Bitcoin
US Senate Moves Bitcoin Reserve Bill To Banking Committee – Details
Strategic Bitcoin Reserve Can Be Done In Trump’s First 100 Days: US Senator
Michael Saylor Backs Senator Lummis’ BTC Reserve Proposal
Senator Lummis Claims Bitcoin Could Cut National Debt In Half By 2045
Senator Lummis Introduces “Bitcoin Act of 2024” Bill For Vote
Senator Lummis Proposes Selling Fed Gold to Fund Bitcoin Reserve
Bitcoin Reserve Bill Advances in US Congress With Bipartisan Support
Senator Lummis introduces BITCOIN bill, but don’t get excited just yet
Senator Lummis Advocates for Bitcoin Reserve
Sen. Lummis puts forward a bill to buy 1M BTC over 5 years
Senator Lummis pushes for U.S. Bitcoin Reserve, echoes Trump’s crypto support
Could a Bitcoin Reserve Change America’s Economic Future?
Senator Lummis Proposes U.S. Bitcoin Reserve After Trump’s Victory
Senator Cynthia Lummis Assures Of Strategic Bitcoin Reserve Following Trump’s Victory
Senator Cynthia Lummis Officially Introduces Bitcoin Strategic Reserve Bill
Republican Senator Lummis Pushes for BTC Reserve as Trump Returns to the White House
Senator Lummis Promotes Bitcoin’s Economic Benefits
US Senator Officially Introduces BITCOIN Act to Establish Strategic BTC Reserve
Senator Lummis’ Bitcoin Bombshell: Could Crypto Replace Gold in the US Treasury? What To Expect?
The Strategic Bitcoin Reserve Bill Is Now Officially Announced With Positive Community Response
Senator Cynthia Lummis Bitcoin Bill Bags 2200 Co-Sponsor Requests
Senator Cynthia Lummis Gives New Hope to Bitcoin If Trump Wins
Breaking: Bitcoin Reserve Bill Referred To Banking Committee in US
JUST IN: US Bitcoin Strategic Reserve Bill Officially Introduced
US Senator Assesses the Status of Bitcoin and Cryptocurrencies in a Potential Trump Administration
Senator Lummis Urges Bitcoin Reserve to Fix Treasury’s Critical Value Gap
Senator Lummis proposes Fed Bitcoin reserve, funding plan with sale of gold
Senator Lummis Advocates for Bitcoin Reserve to Address $35 Trillion US National Debt
Strategic Bitcoin Reserve Driven by 5-Year Commitment to Buy BTC
US Senator Pushes Gold Sales to Kickstart Massive Bitcoin Reserves
Senator Cynthia Lummis Proposes Bitcoin Buying To Reduce US Debt
Bitcoin Reserve Strategy Expected to Be Approved in Trump's First 100 Days
Federal Reserve Bitcoin Proposal as Lummis Suggests Selling Gold
Just In: Senator Cynthia Lummis Proposes Fed Gold Sale To Buy 1M Bitcoin
Senator Lummis Proposes Selling Fed’s Gold To Fund Strategic BTC Reserve: Bloomberg
Bitcoin Reserve Bill Published By Senator Cynthia Lummis
Senator Cynthia Lummis Proposes Bitcoin Reserve Bill as National Debt Hits New High
Bitcoin Act: U.S. Plans $1M BTC Reserve to Slash National Debt
Senator Lummis advocates Bitcoin reserve by converting U.S. gold holdings
BREAKING:Trump’s Ally Lummis Pushes to Sell Some of Fed’s Gold to Buy Bitcoin
Senator Lummis Advocates Bitcoin Purchase Plan
Senator Lummis Pushes for Bitcoin Reserve Plan
Senator Lummis Confirms Plans for Strategic Bitcoin Reserve After Trump’s Victory
Lummis Proposes Bitcoin Reserve Law to Boost US Global Financial Power
Bitcoin Reserve Bill Advances to Senate Banking Committee with Support from Senator Cynthia Lummis
Strategic Bitcoin Reserve Law Unveiled: What It Means for the US Finance Future
Senator Lummis Suggests Selling Gold for Potential Fed Bitcoin Reserve Amid Trump’s Pro-Crypto Agenda
BTC Reserve Bill by Senator Cynthia Lummis Gains Support from Trump & RFK
Senator Lummis Unveils Bold ‘Bitcoin Act’ to Establish U.S. Strategic Bitcoin Reserve
Bitcoin Reserve Proposal by Senator Lummis Seen as Insufficient to Address $35 Trillion Federal Debt, Expert Warns
Senator Lummis Introduces Bill for U.S. Strategic Bitcoin Reserve Amid Doubts on Senate Passage
Senator Lummis Proposes US Strategic Bitcoin Reserve Amidst Growing Crypto Legislation
Senator Lummis Proposes U.S. Bitcoin Reserve by Converting Gold, Suggesting New Financial Strategies for Digital Asset Adoption
Senator Lummis Proposes Bill to Increase Bitcoin Reserves by Selling Federal Reserve Gold, Potentially Impacting National Debt
BTC Strategic Reserve Bill Announced by Senator Lummis Gains 2,200+ Co-Sponsors at Nashville Conference
US lawmaker doubles down on crypto promises after Trump win
Senator Lummis' Bitcoin reserve proposal faces uphill battle
Senator Lummis says Treasury should convert gold for Bitcoin reserve
How Senator Lummis’s 1 Million Bitcoin Purchase Plan Will Actually Play Out: Draft Bill
Senator Cynthia Lummis Yet Again Advocates for Bitcoin Strategic Reserve
Senator Lummis Hints at U.S. Strategic Bitcoin Reserve, Echoing Trump’s Crypto Promises
Cynthia Lummis Suggests Bitcoin Reserve as Solution to Tackle US National Debt
How Is US Bitcoin Reserve Shaping Up In Trump’s America?
Cynthia Lummis Advocates for Bitcoin’s Role in Reducing U.S. National Debt
Trump and Senator Lummis Announce Major Bitcoin Legislation
Cynthia Lummis Proposes Buying One Million Bitcoin with Federal Reserve Gold Assets
US Bitcoin Reserve Legislation Gains Bipartisan Support With Democrat’s Endorsement
Bitcoin Out, Gold In: Senator’s Bold Proposal To Replenish US Reserves
Senator Lummis Pushes For Bitcoin Strategic Reserve: Proposes Gold Sale As Funding Source
The proposal of Cynthia Lummis: sell the gold of the Fed to buy Bitcoin
US Senate Moves Bitcoin Reserve Bill To Banking Committee – Details
Strategic Bitcoin Reserve Can Be Done In Trump’s First 100 Days: US Senator
Michael Saylor Backs Senator Lummis’ BTC Reserve Proposal
Senator Lummis Claims Bitcoin Could Cut National Debt In Half By 2045
Senator Lummis Introduces “Bitcoin Act of 2024” Bill For Vote
Senator Lummis Proposes Selling Fed Gold to Fund Bitcoin Reserve
Bitcoin Reserve Bill Advances in US Congress With Bipartisan Support
Senator Lummis introduces BITCOIN bill, but don’t get excited just yet
Senator Lummis Advocates for Bitcoin Reserve
Sen. Lummis puts forward a bill to buy 1M BTC over 5 years
Senator Lummis pushes for U.S. Bitcoin Reserve, echoes Trump’s crypto support
Could a Bitcoin Reserve Change America’s Economic Future?
Senator Lummis Proposes U.S. Bitcoin Reserve After Trump’s Victory
Senator Cynthia Lummis Assures Of Strategic Bitcoin Reserve Following Trump’s Victory
Senator Cynthia Lummis Officially Introduces Bitcoin Strategic Reserve Bill
Republican Senator Lummis Pushes for BTC Reserve as Trump Returns to the White House
Senator Lummis Promotes Bitcoin’s Economic Benefits
US Senator Officially Introduces BITCOIN Act to Establish Strategic BTC Reserve
Senator Lummis’ Bitcoin Bombshell: Could Crypto Replace Gold in the US Treasury? What To Expect?
The Strategic Bitcoin Reserve Bill Is Now Officially Announced With Positive Community Response
Senator Cynthia Lummis Bitcoin Bill Bags 2200 Co-Sponsor Requests
Senator Cynthia Lummis Gives New Hope to Bitcoin If Trump Wins
Breaking: Bitcoin Reserve Bill Referred To Banking Committee in US
JUST IN: US Bitcoin Strategic Reserve Bill Officially Introduced
US Senator Assesses the Status of Bitcoin and Cryptocurrencies in a Potential Trump Administration
Senator Lummis Urges Bitcoin Reserve to Fix Treasury’s Critical Value Gap
Senator Lummis proposes Fed Bitcoin reserve, funding plan with sale of gold
Senator Lummis Advocates for Bitcoin Reserve to Address $35 Trillion US National Debt
Strategic Bitcoin Reserve Driven by 5-Year Commitment to Buy BTC
US Senator Pushes Gold Sales to Kickstart Massive Bitcoin Reserves
Senator Cynthia Lummis Proposes Bitcoin Buying To Reduce US Debt
Bitcoin Reserve Strategy Expected to Be Approved in Trump's First 100 Days
Federal Reserve Bitcoin Proposal as Lummis Suggests Selling Gold
Just In: Senator Cynthia Lummis Proposes Fed Gold Sale To Buy 1M Bitcoin
Senator Lummis Proposes Selling Fed’s Gold To Fund Strategic BTC Reserve: Bloomberg
Bitcoin Reserve Bill Published By Senator Cynthia Lummis
Senator Cynthia Lummis Proposes Bitcoin Reserve Bill as National Debt Hits New High
Bitcoin Act: U.S. Plans $1M BTC Reserve to Slash National Debt
Senator Lummis advocates Bitcoin reserve by converting U.S. gold holdings
BREAKING:Trump’s Ally Lummis Pushes to Sell Some of Fed’s Gold to Buy Bitcoin
Senator Lummis Advocates Bitcoin Purchase Plan
Senator Lummis Pushes for Bitcoin Reserve Plan
Senator Lummis Confirms Plans for Strategic Bitcoin Reserve After Trump’s Victory
Lummis Proposes Bitcoin Reserve Law to Boost US Global Financial Power
Bitcoin Reserve Bill Advances to Senate Banking Committee with Support from Senator Cynthia Lummis
Strategic Bitcoin Reserve Law Unveiled: What It Means for the US Finance Future
Senator Lummis Suggests Selling Gold for Potential Fed Bitcoin Reserve Amid Trump’s Pro-Crypto Agenda
BTC Reserve Bill by Senator Cynthia Lummis Gains Support from Trump & RFK
Senator Lummis Unveils Bold ‘Bitcoin Act’ to Establish U.S. Strategic Bitcoin Reserve
Bitcoin Reserve Proposal by Senator Lummis Seen as Insufficient to Address $35 Trillion Federal Debt, Expert Warns
Senator Lummis Introduces Bill for U.S. Strategic Bitcoin Reserve Amid Doubts on Senate Passage
Senator Lummis Proposes US Strategic Bitcoin Reserve Amidst Growing Crypto Legislation
Senator Lummis Proposes U.S. Bitcoin Reserve by Converting Gold, Suggesting New Financial Strategies for Digital Asset Adoption
Senator Lummis Proposes Bill to Increase Bitcoin Reserves by Selling Federal Reserve Gold, Potentially Impacting National Debt
BTC Strategic Reserve Bill Announced by Senator Lummis Gains 2,200+ Co-Sponsors at Nashville Conference