Senator Lummis Holds Talks With Treasury Secretary Bessent On Bitcoin Reserve Strategy

Quick Summary:

In a significant step toward establishing a US strategic Bitcoin reserve, Senator Cynthia Lummis recently met with incoming Treasury Secretary Scott Bessent, according to a recent social media post on X (formerly Twitter) in which Lummis expressed optimism about Bessent’s potential support for digital assets, particularly BTC.

However, this push for a Bitcoin reserve has not gone unchallenged.

In an interview with CNBC anchor Jim Cramer, Trump stated, “We are going to do something great with crypto because we don’t want China, or anybody else, to be ahead,” underscoring the urgency of the matter.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: HungaryChina

Topics: BTCUSDT Bitcoin news Senator lummis Btcusd Bitcoin strategic reserve Bitcoin Strategic Reserve Trump Btc Bitcoin Crypto news Crypto Bitcoin News Strategic Bitcoin Reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-15 @ 05:30:01 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 461 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 24410793

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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Publisher ID: #105

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