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Senator Cynthia Lummis Proposes Strategic Bitcoin Reserve to Reduce U.S. National Debt š°
U.S. Senator Cynthia Lummis intends to propose legislation for a "strategic bitcoin reserve" aimed at reducing the U.S. national #debt .
The plan involves #purchasing 1 million bitcoin over five years and holding it for at least 20 years. She likened this move to the Louisiana Purchase and received an endorsement from former President Donald Trump.
At current prices, the 1 million #bitcoin would be valued at approximately $68 billion.
#Binance
#crypto2024
U.S. Senator Cynthia Lummis intends to propose legislation for a "strategic bitcoin reserve" aimed at reducing the U.S. national #debt .
The plan involves #purchasing 1 million bitcoin over five years and holding it for at least 20 years. She likened this move to the Louisiana Purchase and received an endorsement from former President Donald Trump.
At current prices, the 1 million #bitcoin would be valued at approximately $68 billion.
#Binance
#crypto2024
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