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Senator Lummis and Scott Besent meet to discuss strategic Bitcoin reserves

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Credit : coinpedia.org

In a modern improvement, US Senator Cynthia Lummis and Donald Trump’s new Treasury Secretary Scott Bessent have met to debate america’ potential strategic Bitcoin reserve. Lummis known as Bessent a “champion for digital property and a vital ally in passing strategic Bitcoin Reserve.” Lummis debuted the Bitcoin Act of 2024, which proposes that the nation create a reserve of the main crypto cash. Its presence would strengthen the US greenback and guarantee it stays a world cryptocurrency powerhouse. The invoice will finally suggest the US buy of 1 million BTC by 2030. Moreover, the asset could be held for not less than 20 years.

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