Senator Lummis Pushes For Bitcoin Strategic Reserve: Proposes Gold Sale As Funding Source

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Bitcoinist 3d ago

Senator Lummis Pushes For Bitcoin Strategic Reserve: Proposes Gold Sale As Funding Source - Bitcoinist

Quick Summary:

Pro-crypto US Senator Cynthia Lummis is intensifying her efforts to advance the Bitcoin Strategic Reserve Act, a proposal introduced by President-elect Donald Trump during the National Bitcoin Conference earlier this year. This initiative aims to position the United States at the forefront of BTC adoption, starkly contrasting the regulatory landscape under the Biden administration.

Addressing concerns about potential conflicts of interest, Lummis clarified that Bitcoin is classified as a commodity.

Interestingly, when asked if she personally holds the cryptocurrency, Lummis confirmed owning five BTC, alongside other undisclosed stocks held in a blind trust.