Published 3 months ago • loading... • Updated 13 days ago

Senator Lummis Introduces Strategic Bitcoin Reserve Proposal

Summary by Benzinga

Senator Cynthia Lummis (R-Wyo.) has introduced a proposal that would grant the Federal Reserve the authority to own Bitcoin (CRYPTO: BTC). What Happened: According to Lummis, this strategic initiative aims to create a “Strategic Bitcoin Reserve,” where the U.S. government would purchase 200,000 Bitcoins annually for five years, holding them for at least two decades. This reserve would serve dual purposes: to back the U.S. dollar, the world’s res…

27 Articles

All

Left

Center

Right

Benzinga

Senator Lummis Introduces Strategic Bitcoin Reserve Proposal

3 months ago·New York, United States

Read Full Article

ethnews.com

Lummis’ Bitcoin Reserve Proposal Resurfaces—D.C. Prepares for Key Crypto Hearing News ETHNews

Senator Cynthia Lummis has announced that she will co-host Bitcoin for America, a high-profile event in Washington, D.C. The event aims to shape Bitcoin’s role in the U.S. economy through policy discussions. Bitcoin’s making its way to Capitol Hill in a big way. Senator Cynthia Lummis is teaming up with the Bitcoin Policy Institute to host Bitcoin for America on March 11 in DC. They’re bringing together some serious heavyweights. We’re talki…

13 days ago

Read Full Article

crypto.news

Congress discussing bill to allow Fed to hold Bitcoin: Lummis

Speaking in an interview with Yahoo Finance, Senator Cynthia Lummis outlined a plan to authorize the Federal Reserve to purchase and hold Bitcoin, integrating it as a key asset in the country’s financial strategy. Federal Reserve Chairman Jerome Powell stated…

3 months ago

Read Full Article

CryptoNewsZ

Sen. Cynthia Lummis to Empower US Fed to Hold Bitcoin

Senator Cynthia Lummis is ready to give Federal Treasury to hold Bitcoin reserve after its Chairman Jerome Powell clarified that they have no power.

3 months ago

Read Full Article

blockzeit.com

Advocacy Group Proposes U.S. Bitcoin Reserve Order As Ohio House Advances Bitcoin Bill

BTC advocacy group, Satoshi Action Fund has produced an executive order draft for the US Strategic Bitcoin Reserve. The Ohio House of Representatives just introduced a Bitcoin Reserve bill The advocacy group Satoshi Action Fund has completed a draft for the United States President to establish a strategic Bitcoin Reserve. Dennis Porter, the group’s CEO, revealed the development via social media on Tuesday, confirming that his team “has finalize…

3 months ago

Read Full Article

dexinsider.com

Senator Lummis Introduces Strategic Bitcoin Reserve Proposal - DexInsider

Senator Cynthia Lummis (R-Wyo.) has introduced a proposal that would grant the Federal Reserve the authority to own Bitcoin (CRYPTO: BTC). What Happened: According to Lummis, this strategic initiative aims to create a “Strategic Bitcoin Reserve,” where the U.S. government would purchase 200,000 Bitcoins annually for five years, holding them for at least two decades. This book would serve dual purposes: to back the U.S. dollar, the world’s reserv…

3 months ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year