CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

The Defiant 2025-05-02 16:35:11

Senator Lummis's Bitcoin Act, Backed by Trump, Aims to Buy 1 Million Bitcoins for Strategic Reserve

U.S. Senator Cynthia Lummis has introduced the 'Bitcoin Act', which she claims is the only solution to address the nation's $36 trillion debt. The act, referred to as the Strategic Bitcoin Reserve bill, aims to secure America's position as a leader in financial innovation and eliminate fiat waste. Senator Lummis has expressed gratitude for President Trump's support of her bill, which includes a proposal to purchase 1 million Bitcoins. She has also criticized the Federal Reserve for shutting down successful banks that dealt with Bitcoin. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.