Lummis Introduces Strategic Bitcoin Reserve Legislation
Jul 31, 2024 · The BITCOIN Act establishes a strategic Bitcoin reserve to serve as an additional store of value to bolster America’s balance sheet and ensure the transparent management of Bitcoin holdings of the federal government.
U.S. Strategic Bitcoin Reserve to Be Funded Partly by ... - CoinDesk
Jul 31, 2024 · The purchase of bitcoin for a new strategic reserve would be financed partly by revaluing Federal Reserve's gold, according to draft legislation from U.S. Senator Cynthia Lummis's office.
Sen. Lummis introduces Bitcoin Strategic Reserve bill in Senate
On July 31, Senator Cynthia Lummis officially introduced the Bitcoin Strategic Reserve bill that would direct the United States government to start a reserve fund for the scarce decentralized...
Senator Lummis Proposes the U.S. Buy 1M Bitcoin to Reduce ... - CoinDesk
Jul 28, 2024 · 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 ...
Senator Cynthia Lummis Proposes Bill for U.S. To Buy 5% of Bitcoin…
Jul 29, 2024 · During the Bitcoin 2024 conference in Nashville on July 27, United States Senator Cynthia Lummis proposed a groundbreaking bill for the U.S. government to purchase 5% of the world's Bitcoin...
Senator Lummis’ Bitcoin reserve proposal faces uphill battle
Nov 6, 2024 · A US strategic Bitcoin reserve faces steep odds, with legislative hurdles and economic risks stalling approval. United States Senator Cynthia Lummis, long known as the “Crypto Queen” of ...
Lummis Announces Revolutionary Proposal to Supercharge the …
Jul 27, 2024 · Today, during Bitcoin 2024, U.S. Senator Cynthia Lummis (R-WY) announced a revolutionary proposal to supercharge the U.S. dollar by establishing a strategic Bitcoin reserve to fortify the dollar against rising inflation and cement U.S. leadership in the rapidly evolving global financial system.
Here’s What’s In Senator Lummis’ Bitcoin Bill - Bitcoin Magazine ...
Jun 7, 2022 · The bipartisan Bitcoin legislation by U.S. Senators Cynthia Lummis (R-WY) from the Senate Banking Committee and Kirsten Gillibrand (D-NY) from the Senate Agriculture Committee has finally been introduced – months after the effort was first announced.
Sen. Cynthia Lummis announces bill for US Treasury to buy 1 …
Jul 27, 2024 · Senator Cynthia Lummis, of Wyoming, will introduce a bill to direct the U.S. Treasury to purchase 1 million bitcoins — worth about $68 billion at current prices — over a period of five years next week, she said in an interview with The Block.
Sen. Lummis proposes US government purchase 5% of total Bitcoin …
Jul 27, 2024 · United States Senator Cynthia Lummis has introduced a “strategic Bitcoin reserve” bill proposing that the US government buy 5% of the world’s Bitcoin supply and hold it for at least 20...