The post ‘USA Will Be The Most Pro-Bitcoin Nation’: Expert Envisions Strategic BTC Reserve appeared on BitcoinEthereumNews.com.

With Donald Trump elected as the 47th president of the United States, the prospect of establishing a national Bitcoin reserve is gaining momentum. Trump has pledged to make BTC a cornerstone of the country’s economic recovery during his upcoming administration, which is set to begin on January 20, the day of his inauguration ‘We Are Going To Build A Strategic Bitcoin Reserve’ Pro-crypto Senator Cynthia Lummis has been a vocal advocate for this initiative, introducing the Strategic Bitcoin Reserve Legislation on July 31.  This legislation follows earlier discussions at the 2024 Bitcoin National Conference held in Nashville, Tennessee, where both Trump and Lummis emphasized the importance of BTC for the US economy. Lummis articulated her vision for the legislation, stating:  As families across Wyoming struggle to keep up with soaring inflation rates and our national debt reaches new and unprecedented heights, it is time for us to take bold steps to create a brighter future for generations to come.  The pro-crypto Senator had also described BTC’s potential as “transformative,” asserting that becoming the first developed nation to adopt BTC as a savings technology would solidify the US’s position as a leader in financial innovation worldwide.  In light of Trump’s victory against Kamala Harris, Lummis reiterated her commitment to the idea in a social media post on X (formerly Twitter) on Wednesday, declaring, “We are going to build a strategic Bitcoin reserve.”  This initiative has garnered enthusiastic support from industry leaders, including Dennis Porter, CEO and co-founder of the Satoshi Action Fund, who proclaimed: Let’s be absolutely clear, the anti-Bitcoin movement died last night. The USA will be the most pro-Bitcoin nation in the world. We will have a Bitcoin Strategic Reserve. We will enshrine a national law to defend Bitcoin Rights.  US Government Targets One Million Bitcoin  For further context,…

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Filed under: News - @ November 7, 2024 10:25 am