{"id":40907,"date":"2024-11-07T06:07:14","date_gmt":"2024-11-07T06:07:14","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/senator-cynthia-lummis-declares-plans-for-a-u-s-strategic-bitcoin-reserve\/"},"modified":"2024-11-07T06:07:14","modified_gmt":"2024-11-07T06:07:14","slug":"senator-cynthia-lummis-declares-plans-for-a-u-s-strategic-bitcoin-reserve","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/senator-cynthia-lummis-declares-plans-for-a-u-s-strategic-bitcoin-reserve\/","title":{"rendered":"Senator Cynthia Lummis Declares Plans for a U.S. Strategic Bitcoin Reserve"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Senator Cynthia Lummis wasted no time in reaffirming her commitment to a U.S. Bitcoin reserve following Donald Trump\u2019s recent election win. Hours after major networks declared Trump victorious, Lummis tweeted her plans to position Bitcoin as a national reserve asset. The timing could accelerate congressional support for this proposal, especially as the country seeks solutions for its mounting national debt.<\/p>\n<p>Lummis first unveiled the Bitcoin reserve plan at the Bitcoin 2024 conference in Nashville, drawing support from crypto enthusiasts nationwide. During the same event, Trump voiced intentions to curb state-backed Bitcoin selling, a move cheered by crypto advocates. Following the conference, Lummis submitted official documents for the proposal, highlighting the potential role of Bitcoin in addressing economic challenges.<\/p>\n<h2><strong>Republican Momentum Could Drive Proposal Forward<\/strong><\/h2>\n<p>With Trump\u2019s pro-crypto administration and a Republican-controlled Congress, Lummis\u2019 plan may now find the traction it needs. According to Stand With Crypto, around 247 pro-crypto candidates won seats in the House, bolstering potential support for such legislation. Additional pro-crypto Senate seats could further aid the proposal\u2019s journey into law.<\/p>\n<p>If Trump and the GOP secure a legislative trifecta, the U.S. could potentially lead the way in formally recognizing Bitcoin as a national reserve. Such a move would mark a milestone in global financial history, as no other major power currently holds Bitcoin as a reserve asset.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Presently, the U.S. is the largest sovereign holder of Bitcoin, possessing roughly 203,239 tokens valued at around $12 billion, as reported by Arkham. This stockpile strengthens the country\u2019s position in the crypto space, setting the stage for a strategic reserve that could reshape national finance.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/senator-cynthia-lummis-declares-plans-for-a-u-s-strategic-bitcoin-reserve\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Senator Cynthia Lummis wasted no time in reaffirming her commitment to a U.S. Bitcoin reserve following Donald Trump\u2019s recent election win. Hours after major networks declared Trump victorious, Lummis tweeted her plans to position Bitcoin as a national reserve asset. The timing could accelerate congressional support [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":40908,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40907"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=40907"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40907\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/40908"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=40907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=40907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=40907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}