Bitcoin 2024 Recap:
Senator Cynthia Lummis proposed a strategic Bitcoin reserve to strengthen the U.S. dollar and uphold America’s global financial dominance during Bitcoin 2024. The plan aims to combat inflation and solidify the country’s position in the international financial system.
Senator Lummis’ Bitcoin Reserve Proposal:
Senator Lummis unveiled her legislation for a strategic Bitcoin reserve to enhance the U.S. dollar’s stability by incorporating Bitcoin into the nation’s strategic reserves. The proposal involves acquiring one million Bitcoin over a specified period and holding these assets for at least 20 years to pay down the national debt.
Donald Trump’s Bitcoin Stockpile Plan:
Former President Donald Trump announced a plan to establish a national Bitcoin stockpile if elected for the 2024 presidential race. His policy aims to hold all current and future Bitcoin in U.S. custody to create a strategic national Bitcoin reserve, signaling a potential shift in the country’s approach to digital assets.
