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Senator Lummis Proposes U.S. Bitcoin Reserve đ
Senator Cynthia Lummis has proposed creating a strategic Bitcoin #reserve , aiming to reframe U.S. fiscal strategy in light of the recent Trump election victory. Unlike traditional #gold reserves, this plan involves adding Bitcoin to the national reservesâa bold yet contentious move due to its speculative nature.
With U.S. debt at $35.9 trillion and Congressâs mixed stance on crypto, this proposal is expected to face significant resistance, particularly given economic stability concerns. Despite Trumpâs pro-crypto stance, #legislative support remains uncertain, and large-scale implementation is unlikely within the next two years due to required Congressional approval and public skepticism regarding Bitcoinâs volatility.
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Senator Cynthia Lummis has proposed creating a strategic Bitcoin #reserve , aiming to reframe U.S. fiscal strategy in light of the recent Trump election victory. Unlike traditional #gold reserves, this plan involves adding Bitcoin to the national reservesâa bold yet contentious move due to its speculative nature.
With U.S. debt at $35.9 trillion and Congressâs mixed stance on crypto, this proposal is expected to face significant resistance, particularly given economic stability concerns. Despite Trumpâs pro-crypto stance, #legislative support remains uncertain, and large-scale implementation is unlikely within the next two years due to required Congressional approval and public skepticism regarding Bitcoinâs volatility.
What do you think? đ¤
If you enjoy my content, feel free to tip me â¤ď¸
#Binance
#crypto2024
