Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»TRADING NEWS»US plans to build strategic BTC reserves
TRADING NEWS

US plans to build strategic BTC reserves

By Crypto FlexsNovember 7, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
US plans to build strategic BTC reserves
Share
Facebook Twitter LinkedIn Pinterest Email

Senator Cynthia Lummis reaffirmed plans to create a strategic Bitcoin reserve in the United States, just hours after Donald Trump won the presidential election.

Progress in Congress on a national strategic Bitcoin (BTC) reserve could accelerate as the Associated Press, Fox News and NBC declare Republican candidate Donald Trump the winner of the presidential election. Lummis’ November 6 tweet reminded the public of the country’s plan to use the country’s $12 billion Bitcoin reserve as a reserve asset and a potential solution to the country’s growing debt crisis.

We plan to build strategic Bitcoin reserves 🇺🇸 🇺🇸 🇺🇸

— Senator Cynthia Lummis (@SenLummis) November 6, 2024

The senator first revealed his BTC plans at July’s Bitcoin 2024 conference in Nashville. Trump announced his intention to end state-backed Bitcoin sales at the same event, drawing praise from cryptocurrency supporters.

After the meeting, Lummis released an official document on the Strategic Bitcoin Reserve and submitted a proposal for consideration. Soon after, thousands of American citizens signed letters and petitions supporting the idea.

Republican control of Congress could push such bills further into formal legislation. According to Stand With Crypto, approximately 247 pro-crypto candidates have won seats in the House of Representatives, and several other seats in the Senate could also be up for grabs.

If Trump delivers on his cryptocurrency promises and Republicans achieve their legislative trifecta, the United States could become the first world power to recognize Bitcoin as a national reserve asset. At the time of publication, the United States was the largest sovereign holder of Bitcoin, with 203,239 tokens, according to Arkham.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025
Most Popular

Bitcoin Rising to $64.4K Proves Bullish Chart Pattern Is ‘Pocketed’ — Analyst

October 7, 2024

robbery during the purge

April 5, 2024

The Ultimate Guide to Making Big Money with JumBucks Coins – You Won’t Believe How Easy It Is! – DeFi information

January 21, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.