{"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":"
Lummis is 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 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 Bitcoin<\/a><\/strong> as a strategic reserve asset.<\/p>\n However, the proposal faces many challenges under the current administration, which has adopted a cautious stance towards digital assets.<\/p>\n