{"id":134042,"date":"2024-07-25T13:40:06","date_gmt":"2024-07-25T10:40:06","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134042"},"modified":"2024-07-28T00:31:48","modified_gmt":"2024-07-27T21:31:48","slug":"senator-cynthia-lummis-wants-the-fed-to-hold-bitcoin-as-a-reserve-currency","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/senator-cynthia-lummis-wants-the-fed-to-hold-bitcoin-as-a-reserve-currency\/","title":{"rendered":"Senator Cynthia Lummis Wants the Fed to Hold Bitcoin as a Reserve Currency"},"content":{"rendered":"<p>Lummis is <strong><a href=\"https:\/\/www.foxbusiness.com\/politics\/wyoming-sen-lummis-plans-announce-legislation-strategic-bitcoin-reserve-nashville-conference\" target=\"_blank\" rel=\"nofollow\">reportedly<\/a><\/strong> seeking the support of Republican presidential candidate Donald Trump to back his proposal. She is set to propose a bill for the U.S. Treasury to acquire 1 million BTC, valued at about $68 billion, over the next five years<\/p>\n<p>This development comes amid speculation that Trump, who is also due to speak at the Bitcoin conference in Nashville alongside Lummis and other crypto personalities, may back <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> as a strategic reserve asset.<\/p>\n<p>However, the proposal faces many challenges under the current administration, which has adopted a cautious stance towards digital assets.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/peter-schiff-predicts-a-crypto-market-crash-and-shares-how-the-next-recession-will-start\/\" title=\"Peter Schiff Predicts a Crypto Market Crash and Shares How the Next Recession Will Start\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/peter-schiff-thinks-bitcoin-is-being-manipulated-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Peter Schiff Predicts a Crypto Market Crash and Shares How the Next Recession Will Start<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>If introduced during the upcoming Bitcoin Conference in Nashville, Lummis\u2019 bill could mark a significant shift in US financial policy, potentially increasing the value of Bitcoin and encouraging other countries to follow suit.<\/p>\n<p>The bill\u2019s success will depend on gaining support from Congress and the outcome of the November presidential election.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senator Cynthia Lummis, recognized for her pro-crypto stance, intends to propose that the Federal Reserve (Fed) hold Bitcoin (BTC) as a strategic reserve asset, similar to gold and foreign currencies.<\/p>\n","protected":false},"author":7,"featured_media":34586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72],"class_list":["post-134042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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