Event JSON
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"tags": [
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"https://bitcoinist.com/federal-reserve-bitcoin-senator-lummis/"
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"Federal Reserve To Own Bitcoin? Senator Lummis Proposes Legislative Update"
],
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"1734753608"
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"Senator Lummis believes that holding Bitcoin as part of the US official reserves could improve the country's long-term financial stability, strengthen the global role of the US dollar, and provide a valuable hedge against the nation's ballooning national debt. She proposes purchasing 200,000 BTC per year for five years, totaling 1 million BTC, and holding it for at least 20 years. This would create a Strategic Bitcoin Reserve (SBR) that could help back the US dollar and serve as a long-term savings account, offsetting the national debt."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqmvlm9xukx5pek66dzt2muwkefhx3mzc4thlzt756n9h8dplrtk3qmxle2g\nhttps://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png\nIn an interview with Yahoo Finance, US Senator Cynthia Lummis of Wyoming outlined a proposal to grant the Federal Reserve the authority to hold Bitcoin as part of the United States’ official reserves. She argues that this approach could improve the country’s long-term financial stability, strengthen the global role of the US dollar, and provide […]\nhttps://bitcoinist.com/federal-reserve-bitcoin-senator-lummis/",
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