{"id":142293,"date":"2024-11-15T10:00:19","date_gmt":"2024-11-15T08:00:19","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=142293"},"modified":"2024-11-15T01:20:19","modified_gmt":"2024-11-14T23:20:19","slug":"senator-lummis-proposes-selling-fed-gold-to-create-90b-u-s-bitcoin-reserve","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/senator-lummis-proposes-selling-fed-gold-to-create-90b-u-s-bitcoin-reserve\/","title":{"rendered":"Senator Lummis Proposes Selling Fed Gold to Create $90B U.S. Bitcoin Reserve"},"content":{"rendered":"
This initiative<\/a><\/strong>, called the BITCOIN Act, aims to build up federal Bitcoin<\/a> <\/strong>holdings without adding to the national debt. Lummis, who is closely aligned with President-elect Trump, estimates the acquisition could cost around $90 billion at current prices.<\/p>\n The proposal has stirred debate, with critics like Peter Schiff warning of Bitcoin\u2019s volatility. Jennifer Schulp of the Cato Institute echoed concerns about the risks involved in using government funds for such a purchase.<\/p>\n Although it lacks co-sponsors, Trump\u2019s endorsement of a federal Bitcoin reserve may boost its traction, especially with new pro-crypto lawmakers joining Congress in 2024.<\/p>\n