U.S. Strategic BTC Reserve - The BITCOIN Act | Senator Cynthia Lummis
Bankless
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The Bitcoin Act: A New Reserve Vision
This chapter discusses the Bitcoin Act, proposing the establishment of a Bitcoin reserve for the U.S. as a strategy to combat national debt and support sound monetary policy. The conversation centers around converting gold certificates to fund Bitcoin acquisitions, emphasizing Bitcoin's value as 'digital gold.' The chapter also critiques recent government actions on Bitcoin holdings and explores the implications of a Bitcoin-backed monetary system amidst rising global competition.
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