Lummis Proposes U.S. Bitcoin Reserve to Combat National Debt

Senator Lummis reintroduced the BITCOIN Act, a proposal that aims to create a Strategic Bitcoin Reserve for the US. This move seeks to bolster the dollar’s standing as global reserve currency amid rising national debt and interest payments. The bill allows for the acquisition of up to one million Bitcoins over five years, representing about 5% of the total Bitcoin supply. This initiative mirrors the existing gold reserves held by the nation.