Senator Cynthia Lummis has introduced a significant bill aiming to incorporate Bitcoin as a strategic national reserve for the United States. The proposed plan includes the government purchasing 1 million Bitcoin, which constitutes 5% of the total Bitcoin supply. Lummis views this move as a viable solution to the country's increasing debt.
The bill aligns with Republican initiatives and represents a groundbreaking step in integrating digital currencies into national economic strategy. This proposal could have far-reaching implications on both the national and global financial landscape.
Lummis' proposal, if implemented, would mark one of the first major governmental endorsements of Bitcoin. It highlights the growing influence and acceptance of cryptocurrency in mainstream economic and political sectors.