• 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

Sui Network Faces Six-Hour Outage Due to Consensus Bug

chest

Sui Network experienced a six-hour outage on January 14 due to a consensus bug, but user funds remained safe.

user avatarKenji Takahashi

Market Cap Expansion Confirms Bullish Shift for ORDIUSDT

chest

The market cap of ORDIUSDT has seen a sharp increase, confirming a bullish shift in the market.

user avatarMaria Fernandez

Commodity Markets Cool as Geopolitical Premium Fades

chest

Commodity markets softened as geopolitical risks eased, with oil prices extending losses and precious metals like gold and silver dipping.

user avatarGustavo Mendoza

Japanese Equities Decline Amid Political Uncertainty and Strong Yen

chest

Japanese equities fell as the yen strengthened, impacting exporter-heavy stocks amidst political uncertainty.

user avatarRajesh Kumar

India's Exports to China Surge Amid US Tariff Challenges

chest

India's exports to China surged by 6735 in December, reaching a total of 205 billion, as exports to the US declined due to tariffs.

user avatarMiguel Rodriguez

India Adapts Trade Strategies in Response to US Tariffs

chest

India is adapting its trade patterns in response to US tariffs, focusing on increasing exports to China and exploring new economic collaborations.

user avatarLuis Flores

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.