Senator Cynthia Lummis claims former President Trump supports her bill that would have the US government purchase a massive amount of Bitcoin.
A Bold Bitcoin Proposal
Lummis, a Republican senator from Wyoming, introduced the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act.” This bill proposes a significant government investment in Bitcoin. Specifically, it suggests creating a network of government-run Bitcoin vaults and purchasing one million Bitcoin – roughly 5% of the total supply. Lummis believes this would make the US a leader in financial innovation.
Trump’s Alleged Support
Lummis recently stated that Trump supports the BITCOIN Act. She sees the bill as a solution to the national debt and praised Trump for his supposed backing. She highlighted the potential for Bitcoin to improve financial security and empower individuals worldwide.
The Senator’s Bitcoin Vision
Lummis, a known Bitcoin advocate, believes widespread Bitcoin adoption will strengthen the cryptocurrency’s security and utility. She envisions a future where Bitcoin empowers individuals globally, giving them more control over their finances.
Disclaimer
It’s important to remember that this information is based on Senator Lummis’s statements. Investing in cryptocurrency is risky, and you should always do your own research before making any investment decisions.