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. Specifically, the legislation would:
S.4912 - BITCOIN Act of 2024 118th Congress (2023-2024)
The bill directs Treasury to establish a Strategic Bitcoin Reserve for the secure storage of U.S. Bitcoins. The reserve must be a decentralized network of secure facilities across the United States. Existing U.S. Bitcoin holdings must be transferred to the reserve.
The U.S. Government Is One Step Closer To Holding 1 Million
Nov 11, 2024 · Senator Lummis' BITCOIN Act mandates that the U.S. hold 1 million bitcoin within the next four years, and is likely to come to a vote early in 2025.
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.
Sen. Cynthia Lummis Lauds Wyoming For Bitcoin Reserve Bill
1 day ago · Senator Cynthia Lummis On Wyoming’s Bitcoin Reserve Bill. According to Wasserburger, the bill reflects Wyoming’s history of pioneering reforms. “Wyoming has always led the way—whether it was women’s suffrage, the creation of the first national park, or inventing the LLC,” he said. He described HB0201 as a step toward maintaining the ...
Senator Lummis Hints at U.S. Strategic Bitcoin Reserve, Echoing …
Nov 6, 2024 · As former President Donald Trump’s victory in the 2024 U.S. presidential election resonates within the crypto community, Senator Cynthia Lummis hinted at introducing a landmark Bitcoin Strategic Reserve bill on November 6.
Wyoming Senator Cynthia Lummis: '2025 Will Be the Year for Bitcoin …
Dec 18, 2024 · Wyoming Senator Cynthia Lummis, known as the "Bitcoin Senator," has identified 2025 as a pivotal year for Bitcoin and crypto, with several proposed policies and key government positions expected to converge and spur change.
Senator Lummis Proposes the U.S. Buy 1M Bitcoin to Reduce ... - CoinDesk
Jul 27, 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 Announces Bill for US To Buy 1 Million Bitcoin
Jul 30, 2024 · Senator Cynthia Lummis announced legislation directing the U.S. government to acquire 1 million Bitcoin worth over $68 billion. Lummis said purchasing Bitcoin as a strategic reserve would stabilize the dollar and counter inflation.
Sen. Cynthia Lummis announces bill for US Treasury to buy 1 …
Jul 27, 2024 · Senator Lummis announced a bill that would see the U.S. government purchase 1 million bitcoins as a “strategic Bitcoin reserve” on stage at the Bitcoin 2024 conference. “We will be debt-free because of Bitcoin,” Lummis promised.