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Senator Lummis Proposes the U.S. Buy 1M Bitcoin to Reduce National Debt

cryptovert July 28, 2024 1 min read

NASHVILLE
—
U.S.
Senator
Cynthia
Lummis
plans
to
introduce
legislation
calling
for
a
“strategic
bitcoin
reserve”
that
will
reduce
the
national
debt
of
the
United
States
by
buying
1
million
bitcoin

(BTC)

over
the
course
of
five
years.

The
bitcoin
would
be
held
for
at
least
20
years,
she
said.

“This
is
the
solution.
This
is
the
answer.
This
is
our
Louisiana
purchase
moment,”
the
Wyoming
senator
said
on
stage
after
former
President
Donald
Trump

spoke

and
endorsed
the
idea
of
a
bitcoin
reserve.

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Next: Bitcoin Prices See Wild Trading as Trump Plans to Establish BTC as U.S. Strategic Asset

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