Republican Senator Cynthia Lummis says converting gold reserves into Bitcoin could strengthen the U.S. government’s finances. In an interview with CNBC, Lummis suggested that the Federal Reserve sell some of its gold reserves, which were valued at 1970s prices, and…

http://coinprofitnews.com

Senator proposes replenishing Bitcoin reserves with gold: Here’s how it will work

Pro-crypto US Senator Cynthia Lummis is intensifying her efforts to advance the Bitcoin Strategic Reserve Act, a proposal introduced by President-elect Donald Trump during the National Bitcoin Conference earlier this year.  This initiative aims to position the United States at the forefront of BTC adoption, starkly contrasting the regulatory landscape under the Biden administration. Lummis Advocates For 20-Year Bitcoin Reserve  In a recent inter…

Bitcoinist

Senator Lummis Pushes For Bitcoin Strategic Reserve: Proposes Gold Sale As Funding Source

Crypto could stave off the U.S. debt crisis, according to Former House Speaker Paul Ryan in his recent op-ed published in the Wall Street Journal. Ryan argues that America’s $35.46 trillion and rising debt threatens the U.S. dollar’s status as a global reserve currency. Stablecoins could delay the crisis as they emerge as purchases of U.S. debt.  
Table of Contents 
Stablecoins as a source of demand for U.S. debt Hoover Institution report sugges…

Morning News

Could crypto save the U.S. from a debt crisis, will it push Bitcoin above $150k?

The Senator has praised the flagship cryptocurrency’s long-term prospects. Senator Cynthia Lummis compared Bitcoin to gold and oil in the country’s reserves.  Market excitement was sparked by Senator Cynthia Lummis’ recent statement that increasing Bitcoin holdings might contribute to halving the US debt in 20 years. Notably, Lummis has been an outspoken advocate for Bitcoin, which has recently drawn a lot of interest from players in the cryptoc…

TheNewsCrypto - Blockchain & Cryptocurreny News Media | Crypto Guide

Senator Cynthia Lummis Yet Again Advocates for Bitcoin Strategic Reserve

crypto.news

Senator Lummis wants to replenish Bitcoin reserves with gold

The post Senator Lummis Proposes Bitcoin Acquisition to Tackle US Debt Crisis appeared first on Coinpedia Fintech News In a recent conversation with FOX Business, Senator Cynthia Lummis shared her views on buying Bitcoin to reduce US debt.  Lummis remarked that Bitcoin serves as a long-term store of value. She expressed that it should be included in reserves as a strategic asset alongside gold and oil. The senator proposed that the U.S. should a…

Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide…

Senator Lummis Proposes Bitcoin Acquisition to Tackle US Debt Crisis

Republican Senator Cynthia Lummis says that converting gold reserves into Bitcoin could strengthen the finances of the U.S. government. In an interview with CNBC, Lummis suggested that the Federal Reserve sell some of its gold reserves, which were valued at 1970s prices, and use profits to buy [...] The entry Senator Lummis wants to replenish Bitcoin's reserves with gold was first published in La Cryptocurrency.

La senadora republicana Cynthia Lummis dice que convertir las reservas de oro en Bitcoin podría fortalecer las finanzas del gobierno estadounidense. En una entrevista con CNBC, Lummis sugirió que la Reserva Federal venda algunas de sus reservas de oro, que estaban valoradas a precios de la década de 1970, y utilice las ganancias para comprar […] La entrada El senador Lummis quiere reponer las reservas de Bitcoin con oro se publicó primero en La …

El senador Lummis quiere reponer las reservas de Bitcoin con oro - La Criptomoneda

La Criptomoneda

Senator Lummis wants to replenish Bitcoin's reserves with gold - The Cryptocurrency

coinsurges.com

Senator Lummis Proposes Bitcoin Acquisition to Tackle US Debt Crisis - Coin Surges

In a recent conversation with FOX Business, Senator Cynthia Lummis shared her views on buying Bitcoin to reduce US debt.  Lummis remarked that Bitcoin serves as a long-term store of value. She expressed that it should be included in reserves as a strategic asset alongside gold and oil. The senator proposed that the U.S. should acquire approximately 200,000 BTC over the next 20 years, aiming to reach a total of 1 million BTC. She asserts that thi…

investincryptonews.com

Senator Lummis Proposes Bitcoin Acquisition to Tackle US Debt Crisis - Invest In Crypto News

In a revolutionary plan aimed at remolding the U.S. economic map, Wyoming Senator Cynthia Lummis has revealed that she will sell some of the country’s gold holdings to establish a strategic Bitcoin reserve. This move, which will marry the unstoppable rise of cryptocurrencies to the strengthening of the U.S. dollar while ameliorating the crushing national debt, has caused great interest and debate around a senator’s radical plan. Selling Gold for…

Senator Lummis wants to replenish Bitcoin reserves with gold

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics