Senator Cynthia Lummis, the sponsor of a bill calling for the US to set up a Bitcoin reserve, suggested that progress on the proposal is likely to take longer than many crypto advocates would like.
Senator Cynthia Lummis is urging the United States to consider Bitcoin as part of its national reserves. With concerns over inflation, government spending, and the long-term stability of the US dollar,
Bitcoin and cryptocurrency prices have found a temporary floor following a steep sell-off though analysts have said bitcoin remains at a "critical
Lummis will finally assume the role of Chair of the newly established Digital Asset Subcommittee under the Senate Banking Committee.
More than a stunt, the Fort Knox visit might be a chance for the President to change the price of gold and dump the price hike into cryptocurrency.
Senator Cynthia Lummis, a leading advocate for Bitcoin and blockchain technology, has hinted at major developments in the crypto space. In a recent post on X,
Senator Cynthia Lummis’s leadership of the Senate Banking Subcommittee on Digital Assets marks a pivotal shift in U.S. financial policy. Read more here.
Senators and key figures from the crypto industry discuss all things stablecoins at the first-ever hearing hosted by the newly-established Senate Banking Subcommittee on Digital Assets.
Sen. Cynthia Lummis (R-WY) has been a champion for bitcoin and digital assets in Congress and has made strides in shaping policy.
CryptoRank recently highlighted that 18 U.S. states were reviewing the establishment of a government-based strategic Bitcoin reserve, while 33 other states were considering the idea. The announcement also revealed that Utah was the only state that had managed to advance its reserve bill to the second Senate chamber.
Satoshi Action Fund CEO Dennis Porter argues that Bitcoin is not just a Republican issue, emphasizing its potential as "the most inclusive monetary system in history."
VanEck predicts that a strategic management of 1 million Bitcoin reserves between 2029 and 2049 could reduce the US national debt by $21 trillion, provided