Senator Lummis Proposes U.S. Bitcoin Reserve 🚀

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 reserves—a bold yet contentious move due to its speculative nature.

With U.S. debt at $35.9 trillion and Congress’s mixed stance on crypto, this proposal is expected to face significant resistance, particularly given economic stability concerns. Despite Trump’s 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 Bitcoin’s volatility.

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#crypto2024

Binance has published its tenth reserve audit.

According to it, 588,171 BTC, 3.89 million ETH and 30.2 million BNB are stored on the client accounts of the exchange.
#Binance #reserve #crypto2023