Senator Cynthia Lummis from Wyoming is actively advocating for the creation of a Bitcoin reserve as a solution to the growing $36 trillion national debt.
Introduction to the BITCOIN Act
Senator Lummis recently posted on social media promoting the BITCOIN Act, proposing the establishment of a federal Bitcoin reserve to position the U.S. as a leader in financial technology.
Benefits of the Strategic Bitcoin Reserve
The senator emphasized that large-scale adoption of Bitcoin could transform the financial system and provide everyday workers greater control over their money. "Large-scale adoption of Bitcoin would be transformative and put everyday workers around the world in control of their money," Lummis stated.
Support from President Trump
President Donald Trump has shown his support for Lummis's initiative, having signed an executive order for the creation of a strategic Bitcoin reserve. He expressed his openness to cryptocurrencies and highlighted the need for the U.S. to lead in this field.
The BITCOIN Act, regardless of its final outcome, signifies a changing perspective among U.S. lawmakers toward the future of finance and the potential role of Bitcoin.
