Senator Cynthia Lummis Proposes Fed Gold Sale To Buy 1M Bitcoin
Senator Cynthia Lummis proposes selling U.S. gold reserves to buy 1M bitcoin for a national reserve without increasing debt. Senator Cynthia Lummis, a Republican from Wyoming, has proposed a plan to sell a portion of the gold holdings owned by the Federal Reserve of the United States in order to raise money for the acquisition […]
Senator Cynthia Lummis Publishes Bitcoin Reserve Bill
Senator Cynthia Lummis has published the strategic Bitcoin Reserve Bill, which will further establish the cryptocurrency on the financial landscape. United States Senator Cynthia Lummis has published the official strategic Bitcoin Reserve legislation. It is important to note that the framework is designed to promote transparency in administrating the Federal government’s Bitcoin holdings. Amidst the […]
Senator Cynthia Lummis Offers BTC Solution To US Debt
At the Bitcoin 2024 conference, Senator Cynthia Lummis suggested a strategic BTC reserve to address the United States’ $35 trillion national debt. Senator Cynthia Lummis of Wyoming has introduced a groundbreaking proposition as the United States’ national debt reaches a record $35 trillion. She presented a measure at the Bitcoin 2024 conference in Washington, D.C.D.C., […]
Senator Cynthia Lummis Criticizes Joe Biden’s Mining Tax
Senator Cynthia Lummis criticized Biden Mining Tax, claiming that Bitcoin mining consumes as much energy as household appliances such as tumble dryers. Lummis issued a report on July 23 that opposed the Biden administration’s proposed 30% excise tax on the energy consumed by Bitcoin miners. The report, “Powering Down Progress: Why A Bitcoin Mining Tax […]
Senator Cynthia Lummis purchases almost a $100K Bitcoin
United States Senator and vocal supporter of Bitcoin and blockchain technology Cynthia Lummis, a Republican from Wyoming, purchased Bitcoin (BTC) worth between $50,001 and $100,000 on Aug. 16. The material was made public as part of the Stop Trading on Congressional Knowledge Act , or STOCK Act, which forbids profiting from nonpublic knowledge. The STOCK […]