SHARE. More than 2,200 letters have been sent to U.S. senators urging them to create a strategic bitcoin reserve, signaling bipartisan support and a shift in views on cryptocurrencies.
In just two days, more than 2,200 letters have been sent to U. S. senators urging them to support the proposed #BTC Strategic Reserve Act. The sweeping move coincides with Senator Cynthia Lummis' proposed bitcoin legislation, which seeks to create a secure bitcoin vault managed by the U. S. Treasury Department. The plan proposes using Treasury funds to purchase 1 million bitcoins, which is about 5% of the total bitcoin supply. Supporters of the plan argue that the reserves will help reduce the national debt and fight inflation, as well as position the US as a leader in financial innovation.
Senator Lummis, an avid supporter of #cryptocurrencies , compares the initiative to the Louisiana Purchase, calling it a game changer that will protect future generations from economic instability. She believes the bitcoin reserve will strengthen the U. S. economy and boost its global financial standing. More than 1,300 letters to Democratic senators and 850 letters to Republican senators show bipartisan support, highlighting the growing awareness of bitcoin's role in the financial world, especially in the run-up to the upcoming presidential election.
The celebrities such as Donald Trump and Robert F. Kennedy Jr. have shown interest in bitcoin, drawing increased attention to the proposed reserve. The letter reflects a marked shift in public opinion toward cryptocurrencies, with more people supporting their inclusion in national economic strategies.
The Bitcoin Strategic Reserve Bill is intended to create a framework for secure bitcoin storage in the U. S. by defining how the government will interact with this digital asset. The creation of secure vaults will address security and volatility concerns and help manage bitcoin reserves.
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