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2024-11-12 18:30:53
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bitcoinist.com on Nostr: bitcoinist.com ✍️ US Senator Cynthia Lummis proposes a strategic Bitcoin reserve, ...



✍️ US Senator Cynthia Lummis proposes a strategic Bitcoin reserve, aiming to purchase 1 million BTC and hold it for 20 years, with the goal of improving the country's financial infrastructure.
👉 Senator Lummis proposes a strategic Bitcoin reserve to improve the country's financial infrastructure
👉 The bill aims to purchase 1 million BTC and hold it for 20 years
👉 The US Treasury would purchase 200,000 BTC annually over five years
👉 A network of decentralized storage facilities would be established to securely hold Bitcoin reserves
👉 A proof of reserves system would be implemented to verify holdings

#CynthiaLummis #DavidBailey #RobertF.KennedyJr. #BarbaraGoodstein #AnthonyScaramucci #mainstream #technology


United States Senator Cynthia Lummis of Wyoming is optimistic that a strategic Bitcoin reserve could be realized quite fast under the incoming Trump administration. Following former President Donald Trump’s proposal to create a US strategic BTC reserve, Lummis introduced the Bitcoin Act at the end of July, outlining a comprehensive plan to integrate BTC into […]
https://bitcoinist.com/strategic-bitcoin-reserve-trump-100-days-us-senator/

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