Senator Lummis Claims Trump Supports Bill That Would Direct US Government To Purchase 1,000,000 Bitcoin
President Donald Trump has thrown his support behind the idea of the US government purchasing one million Bitcoin (BTC), according to Senator Cynthia Lummis. In a recent speech, Lummis, who introduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act in the Senate, expressed her gratitude for President Trump’s backing of the legislation.
The BITCOIN Act aims to establish a decentralized network of Bitcoin vaults operated by the Department of the Treasury and implement a one-million-unit BTC purchase program. This move would allow the US government to control approximately 5% of the top cryptocurrency’s total supply. Lummis believes that this legislation is crucial in addressing the nation’s staggering $36 trillion debt and positioning the US as a pioneer in financial innovation.
As a staunch advocate for Bitcoin, Lummis emphasized the transformative potential of the cryptocurrency in revolutionizing the global economy. She highlighted the importance of embracing Bitcoin as a digital asset that empowers individuals to take control of their finances. By leveraging the benefits of blockchain technology, Lummis envisions a future where everyday Americans have greater financial autonomy and security.
The Wyoming senator’s unwavering support for Bitcoin reflects her belief in its ability to enhance financial systems and empower individuals worldwide. With President Trump’s endorsement of the BITCOIN Act, there is growing momentum towards integrating cryptocurrencies into mainstream economic policies.
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