Senator Cynthia Lummis Proposes Accumulating 1 Million Bitcoin as a Strategic Reserve

Senator Cynthia Lummis (R-WY) has announced her intention to introduce legislation directing the US government to stockpile 1 million #Bitcoin $BTC , equivalent to more than $68 billion at current prices. During the Bitcoin 2024 conference in Nashville, Lummis explained that the bill would allow #Tesoro de #EE.UU. to purchase Bitcoin for five years as a strategic reserve asset, similar to the government's oil reserve. The senator, a supporter of Bitcoin in Congress, argues that this could help stabilize the #dolar and counter inflation. Although he acknowledges that the legislation is unlikely to be passed before the 2024 election, Lummis is optimistic about the growing political interest in Bitcoin.