Senator Cynthia Lummis Proposes Bitcoin Reserve Bill as National Debt Hits New High 🇺🇸
Senator Cynthia Lummis has introduced a bill suggesting the use of Bitcoin as a reserve asset to bolster the U.S. dollar. This proposal aims to address the country's escalating national debt, which has now reached $35 trillion. By integrating Bitcoin into the national financial system, Lummis believes it could provide a novel solution to the debt crisis.
This initiative reflects a growing trend among some policymakers to consider cryptocurrencies as viable assets in national financial strategies. If successful, it could set a precedent for other nations struggling with large debts.
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