Senator Cynthia Lummis, U.S. Senator for Wyoming | Official U.S. Senate headshot
Senator Cynthia Lummis, U.S. Senator for Wyoming | Official U.S. Senate headshot
WASHINGTON, D.C. – U.S. Senator Cynthia Lummis (R-WY) has introduced the Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act in the U.S. Senate. The proposal aims to establish a strategic Bitcoin reserve to enhance the U.S. dollar's strength and address national debt.
"As families across Wyoming struggle to keep up with soaring inflation rates and our national debt reaches new and unprecedented heights, it is time for us to take bold steps to create a brighter future for generations to come by creating a strategic Bitcoin reserve," said Lummis. "Bitcoin is transforming not only our country but the world, and becoming the first developed nation to use Bitcoin as a savings technology secures our position as a global leader in financial innovation. This is our Louisiana Purchase moment that will help us reach the next financial frontier."
The BITCOIN Act aims to establish this reserve as an additional store of value to bolster America's balance sheet and ensure transparent management of Bitcoin holdings by the federal government.
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