flash on Nostr: ⚡️🇺🇸 NEWS - Senator Lummis’ proposed #BITCOIN Act lays out how America ...
⚡️🇺🇸 NEWS - Senator Lummis’ proposed #BITCOIN Act lays out how America would revalue its gold certificates to buy 1 million Bitcoin over 5 years.
1.Within 180 days of enactment, Federal Reserve banks must return all gold certificates to the U.S. Treasury.
2.Within 90 days of receiving the last one, the Treasury will issue new certificates reflecting gold’s market price.
3.Federal Reserve banks must pay the Treasury the difference if the new certificates are worth more.
4.This extra cash goes to the government fund within 90 days.
1.Within 180 days of enactment, Federal Reserve banks must return all gold certificates to the U.S. Treasury.
2.Within 90 days of receiving the last one, the Treasury will issue new certificates reflecting gold’s market price.
3.Federal Reserve banks must pay the Treasury the difference if the new certificates are worth more.
4.This extra cash goes to the government fund within 90 days.