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Coin Edition 2025-01-30 07:20:00

Senator Cynthia Lummis Pushes for a U.S. Strategic Bitcoin Reserve

Senator Lummis pushes for a U.S. Bitcoin reserve to stay ahead in financial innovation. The Czech Republic plans to add Bitcoin to national reserves, leading Western Europe. Trump’s executive order supports a digital asset reserve, boosting innovation. U.S. Senator Cynthia Lummis has renewed calls for a Strategic Bitcoin Reserve (SBR), arguing that Bitcoin (BTC) could serve as a hedge against inflation and financial instability. In a post on X (formerly Twitter), she confirmed that holding public hearings on the proposal remains a top priority. One of the first orders of business will be to hold public hearings on the Strategic Bitcoin Reserve. — Senator Cynthia Lummis (@SenLummis) January 29, 2025 Her push for a Bitcoin reserve comes as the Czech Republic considers adding BTC to its national reserves. Czech National Bank Governor Aleš Michl revealed that the country might invest up to 5% of its €140 billion ($145.6 billion) reserve in Bitcoin—making it the first Western European nation to do so. Related: Czech National Bank Proposes 5% Bitcoin Allocation to Diversify Reserves Lummis Pushes for U.S. Leadership in Bitcoin Adoption Senator Lum… The post Senator Cynthia Lummis Pushes for a U.S. Strategic Bitcoin Reserve appeared first on Coin Edition .

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