CandleFocus US Bitcoin reserve asset bill could pass in Donald Trump's first 100 days - Senator Cynthia Lummis
2024-11-12
Author: Content Editor
US Senator Cynthia Lummis is optimistic that her proposal to establish a national Bitcoin reserve could be passed within the first 100 days of Donald Trump's second term as president. The legislation aims to use funds from the Federal Reserve and Treasury Department to acquire one million bitcoins, making the US the largest government Bitcoin holder. It also seeks to establish a Bitcoin reserve and safeguard property rights over Bitcoin ownership and custody. The bill has attracted bipartisan support and advocates are hopeful for its future, considering Trump's favorable disposition to the idea.
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