US Senator Cynthia Lummis Proposes Bitcoin Reserve Strategy
Saturday, 27 July 2024, 22:53
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Overview of Lummis' Proposal
United States Senator Cynthia Lummis introduced a bill proposing the establishment of a strategic Bitcoin reserve.
Key Points of the Bill
- The government aims to purchase 5% of the total Bitcoin supply.
- Acquisition will occur over a substantial timeframe of 20 years.
- Funds obtained from this reserve could be used to reduce national debt.
Conclusion
This proposal signifies a major shift in government attitudes towards cryptocurrency and its potential role in fiscal policy.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.