Senator Lummis and Trump Allies Push for U.S. Bitcoin Reserve

1 min read
Source: AMBCrypto News
Senator Lummis and Trump Allies Push for U.S. Bitcoin Reserve
Photo: AMBCrypto News
TL;DR Summary

Senator Cynthia Lummis has proposed converting U.S. gold reserves into Bitcoin to establish a national Bitcoin reserve, aligning with pro-crypto policies under President Trump. This strategy aims to combat inflation and national debt while positioning the U.S. as a leader in digital asset adoption. The proposal suggests acquiring 5% of Bitcoin's total supply, potentially accelerating regulatory clarity and global adoption of cryptocurrencies.

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