news 
Lummis Targets 2025 for U.S. Bitcoin Reserve and Crypto Policy Transformation
In a recent tweet, Wyoming Senator Cynthia Lummis has set her sights on transforming the US financial landscape by targeting 2025 as a pivotal year for establishing a Strategic Bitcoin Reserve and crypto policy transformation. As part of this vision, she aims to secure up to 1 million Bitcoins.
The proposed Bitcoin Act envisions creating a reserve that would store Bitcoin seized from criminal cases, which is already valued at approximately $21 billion. This move is intended to reduce the national debt by utilizing Bitcoin as a long-term asset. The reserve would be funded through reallocating existing Federal Reserve assets like bonds and gold, thereby avoiding new debt creation.
Lummis’ proposal seeks to foster a stable and transparent reserve system, with all holdings managed securely for at least 20 years. This strategic move could greatly impact the financial security of the US by reducing national debt, providing a hedge against inflation, and strengthening the dollar’s global status.
On a separate note, Lummis has also expressed her optimism over the appointment of David Sacks as Crypto Czar, stating that this will be the most pro-digital asset administration in U.S. history. This development could potentially lead to comprehensive digital asset legislation and further solidify her vision for crypto policy transformation.
As more information emerges on these bold plans for Bitcoin integration, it is crucial to monitor the developments closely, as they may have significant implications for the crypto market and beyond.
Source: cryptonewsland.com
