United States Senator Cynthia Lummis Has Published the Official Strategic Bitcoin Reserve Legislation

Noteworthy, the framework is aimed at encouraging transparency as it concerns the management of the Federal government's Bitcoin holdings.

United States Senator Cynthia Lummis has published the official strategic Bitcoin reserve legislation. The framework is aimed at encouraging transparency as it concerns the management of the Federal government’s Bitcoin holdings.

This move comes amidst the recent shifting of more than $2 billion in BTC in the government’s custody.

United States Senator Cynthia Lummis has published the official strategic Bitcoin reserve legislation. Noteworthy, the framework is aimed at encouraging transparency as it concerns the management of the Federal government’s Bitcoin holdings.

This move comes amidst the recent shifting of more than $2 billion in BTC in the government’s custody.

A few days ago, the United States National Debt hit $35 trillion, marking an All-Time High (ATH). To this challenge which is confounding the country, Sen. Lummis suggested the adoption of a strategic Bitcoin reserve as backing for the USD. Ultimately, the aim is to protect the dollar’s place as a world currency and strengthen the American economic condition through the inclusion of this cryptocurrency as a financial asset.

Therefore, this latest introduction of a legislation is a follow-up to her BTC reserve proposal at the Bitcoin Conference. She titled it the Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act in the U.S. Senate

“Bitcoin is transforming not only our country but the world and becoming the first developed nation to use Bitcoin as a savings technology secures our position as a global leader in financial innovation. This is our Louisiana Purchase moment that will help us reach the next financial frontier,” the Wyoming Senator wrote.

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