Senator Cynthia Lummis Advocates for U.S. Bitcoin Reserve Bill
- Senator Cynthia Lummis is promoting a bill to establish a strategic Bitcoin reserve in the U.S.
- The proposal involves acquiring 1 million Bitcoin over five years, held for at least 20 years.
- No new taxes would be required; existing Federal Reserve and Treasury assets would fund the initiative.
- The bill needs bipartisan support, requiring sixty Senate votes for approval.
- Fifteen states, including Utah and Florida, are pursuing state-level Bitcoin reserves.
Lummis is working to gather bipartisan support for a bill that proposes the U.S. government acquire and hold 1 million Bitcoin over five years without raising taxes, using existing financial assets instead.
Source (2.6)https://coingape.com/cynthia-lummis-reveals-ongoing-plan-to-pass-bitcoin-reserve-bill/?rand=24432
