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

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.
- Senator Lummis advocates Bitcoin reserve by converting U.S. gold holdings AMBCrypto News
- What Donald Trump's Strategic Bitcoin Reserve Could Look Like Newsweek
- Trump’s Ally Lummis Pushes to Sell Some of the Fed’s Gold to Buy Bitcoin Bloomberg
- Scaramucci: Trump's Crypto Support Could Push Bitcoin To $150K Benzinga
- Strategic Bitcoin Reserve Has Precedent in Other Big U.S. Government Purchases: Michael Saylor CoinDesk
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 2 min read
Condensed
84%
385 → 62 words
Want the full story? Read the original article
Read on AMBCrypto News