The post Sen. Cynthia Lummis to Reveal Next Steps for Bitcoin Reserve appeared on BitcoinEthereumNews.com.

In the aftermath of the U.S. presidential election, Wyoming Senator Cynthia Lummis is set to delve deeper into her proposal for a strategic Bitcoin reserve in the United States. Scheduled for discussion in an upcoming event. She will be joined by key industry figures like MicroStrategy Executive Chair Michael Saylor, VanEck’s Matthew Sigel, and VanEck CEO Jan van Eck. Senator Cynthia Lummis to Elucidate on Bitcoin Reserve’s Future Senator Lummis’ Bitcoin Reserve Act aims to secure a BTC reserve as a means of strengthening the nation’s financial position. Set for mid-2025, this initiative is expected to explore lessons from El Salvador’s experience with Bitcoin and potentially open a pathway for federal support for BTC adoption. Set a reminder for this post-US election bombshell discussion with @SenLummis, @saylor, @matthew_sigel @JanvanEck3 as they dive into lessons from El Salvador’s Bitcoin experiment for the US, next steps for Senator Cynthia Lummis’ BITCOIN Act (the strategic BTC reserve) and… — VanEck (@vaneck_us) November 8, 2024 Senator Lummis, a prominent advocate for Bitcoin within U.S. politics, views this initiative as a step toward addressing the national debt, which has surpassed $36 trillion. Lummis recently took to social media, asserting that establishing a Bitcoin reserve could “address a meaningful portion of our debt and strengthen our hand.” She added, “Let’s break the cycle and refocus on a prosperous future for Americans,” referencing economic volatility in the global currency scene. The concept of a Bitcoin reserve has attracted both significant support and strong skepticism, underlining the polarized views on digital assets in government policy discussions. A Strategic Bitcoin Reserve will allow the US to address a meaningful portion of our debt + strengthen our hand. See ‘Currency Wars’ for a good primer on the ‘stupid games, stupid prizes’ cycle we are in. Let’s break the cycle and…

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Filed under: News - @ November 8, 2024 9:23 pm