Senator Cynthia Lummis proposed a U.S. Strategic Bitcoin Reserve as part of a draft bill, the “Bitcoin Act of 2024.” The plan includes acquiring up to 1 million BTC over five years, with funding partly sourced by revaluing Federal Reserve gold certificates to reflect their true market value. This strategy aims to integrate Bitcoin as a strategic asset, hedging against inflation and reducing federal debt over time. The proposal emphasizes long-term Bitcoin storage with limits on asset liquidation to maintain financial stability.

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