• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Cynthia Lummis Suggests Bitcoin as Part of US Financial Reserves

user avatar

by Giorgi Kostiuk

a year ago

US Senator Cynthia Lummis has reiterated her proposal to integrate Bitcoin into the national reserves alongside traditional assets like gold.

Senator Cynthia Lummis' Proposal

Wyoming Senator Cynthia Lummis has unveiled plans to include Bitcoin as part of the US national reserves. She believes that this could act as a safeguard against inflationary risks.

Industry Support

Lummis's proposal has received backing from industry figures, including Michael Saylor, co-founder of MicroStrategy, who stated that incorporating Bitcoin into national reserves could help stabilize the US economy.

It would be a smart move to help stabilize the U.S. economy and protect against financial risks.Michael Saylor

Challenges of the Proposal

Despite support, Lummis's proposal faces challenges due to policy concerns and economic risks. The US traditionally relies on gold to support the dollar, and adding Bitcoin presents a significant shift.

Cynthia Lummis's proposal to include Bitcoin in US national reserves has sparked wide discussion. While supported by some industry leaders, it faces significant challenges.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Remittix RTX Enters Live Settlement Execution Phase

chest

Remittix RTX has officially moved into a live settlement execution phase, marking a significant advancement in its multiroute transfer framework.

user avatarElias Mukuru

Transparency Concerns Grow as LSD Participation Increases

chest

Concerns about project transparency and disclosures have grown among LSD community members due to limited publicly available information as trading activity increases.

user avatarDiego Alvarez

Injective Regains Momentum in Derivatives Infrastructure

chest

Injective's derivatives-focused framework has regained visibility amid renewed on-chain activity.

user avatarDavid Robinson

Hippo Protocol Partners with Chinese University of Hong Kong for Clinical Data Exchange

chest

Hippo Protocol partners with the Chinese University of Hong Kong to supply clinical data through its decentralized application DataHippo, marking a significant step in blockchain-based medical research.

user avatarGustavo Mendoza

China Accuses US of Hacking in Bitcoin Seizure Case

chest

In January 2026, Chinese officials accused the United States of hacking to seize Bitcoin linked to Chen Zhi, the founder of Prince Holding Group.

user avatarLuis Flores

US and UK Sanction Individuals Linked to Prince Group

chest

US and UK coordinated sanctions against 146 individuals and entities linked to Chen Zhi's Prince Group in October 2025 to address alleged scam operations.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.