Senator Lummis Proposes Bitcoin Solution for U.S. Debt Crisis

Senator Cynthia Lummis has unveiled the BITCOIN Act, a proposal aiming to utilize bitcoin as a potential solution to address America’s soaring $36 trillion national debt. Amidst skepticism regarding traditional financial solutions, Lummis emphasizes the urgency of exploring innovative approaches. The act outlines a strategic plan to acquire 200,000 bitcoins annually over five years, establishing a reserve of one million bitcoins for at least two decades. ]