Senator Lummis is proposing a strategic Bitcoin reserve for the U.S. to acquire 1 million BTC, with the goal of strengthening the dollar and reducing the national debt. This proposal follows former President Trump's crypto promises gaining traction in the crypto community. Senator Lummis hinted at introducing a groundbreaking Bitcoin Strategic Reserve bill on November 6, which could revolutionize how the U.S. government engages with cryptocurrencies. The bill aims to establish a national reserve fund for Bitcoin, potentially reshaping the country's approach to digital assets.

Senator Lummis initially introduced the Bitcoin Strategic Reserve bill on July 31, outlining plans for a decentralized network of secure Bitcoin vaults managed by the U.S. Treasury. The proposal involves gradually accumulating 1 million Bitcoin, roughly 5% of Bitcoin's total supply, using existing Treasury funds. This strategy mirrors the government's approach to gold allocation. This innovative move could signify a significant shift in incorporating cryptocurrencies into traditional financial systems, potentially influencing the global economic landscape.

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