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US Senator Pushes Bitcoin Bill to Combat Debt and Falling Dollar—Tells Nation to ‘Buy, Baby, Buy’
April 1, 2025
In a bold move, US Senator Cynthia Lummis (R-WY) has proposed a new bill aimed at combating the country’s growing debt crisis and addressing the plummeting value of the US dollar. The bill, which would establish a national Bitcoin reserve, encourages citizens to “buy, baby, buy” into the cryptocurrency market.
As the nation grapples with an unprecedented level of financial instability, Senator Lummis believes that Bitcoin can serve as a strategic asset to stabilize the economy and provide a hedge against inflation. The bill aims to create a new national reserve, which would be composed entirely of Bitcoin, rather than the traditional gold or other precious metals.
According to sources, the proposed legislation seeks to address the rising debt levels in the US by harnessing the potential of Bitcoin as a store of value. By investing in this digital currency, the government hopes to increase its economic stability and reduce the national debt burden.
Senator Lummis’ bold proposal comes amidst growing concerns over the sustainability of the current monetary system. As the dollar continues to lose value against other major currencies, lawmakers are under increasing pressure to act. In light of these circumstances, the senator believes that Bitcoin can provide a much-needed solution to stabilize the economy and mitigate the impact of inflation.
In her push for action on this issue, Senator Lummis has urged Americans to “buy, baby, buy” into the Bitcoin market. Her statement suggests an unwavering commitment to the potential benefits of cryptocurrency as a means to address financial instability.
The Bitcoin Bill, if passed, would have far-reaching implications for the global economy and financial system. It remains unclear whether this proposal will garner sufficient support from lawmakers and other stakeholders, but one thing is certain – the conversation around the role of Bitcoin in monetary policy has taken a significant turn.
Source: https://thebitcoinnews.com/us-senator-pushes-bitcoin-bill-to-combat-debt-and-falling-dollar-tells-nation-to-buy-baby-buy/
