President Donald Trump supports the idea of the US government buying one million Bitcoin (BTC), says Senator Cynthia Lummis.
In March, Lummis (R-WY) introduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act in the Senate.
If passed, the bill would establish a decentralized network of Bitcoin vaults operated by the Department of the Treasury, and it would implement a one-million-unit BTC purchase program so the US government could control approximately 5% of the top crypto asset’s supply.
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Lummis said in a speech this week that she’s “particularly pleased with President Trump’s support” of her BITCOIN Act.
“The BITCOIN Act is the only solution to our nation’s $36 trillion debt. I’m grateful for a forward-thinking president who not only recognizes this but
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