COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Cynthia Lummis Advocates for Bitcoin Reserve Policies
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin News > Cynthia Lummis Advocates for Bitcoin Reserve Policies
Bitcoin News

Cynthia Lummis Advocates for Bitcoin Reserve Policies

In Brief

  • Cynthia Lummis supports the administration's cryptocurrency policies.

  • She emphasizes the importance of Bitcoin reserves for the U.S. economy.

  • Lummis proposes a strategic Bitcoin reserve linked to gold assets.

Fatih Uçar
Fatih Uçar 6 months ago
Share
SHARE

Wyoming Senator Cynthia Lummis strongly supports the new administration’s stance on cryptocurrency, particularly regarding Bitcoin $106,749 reserves. Lummis expressed that 2025 will be a significant year for cryptocurrencies, emphasizing the role of David Sacks, appointed as the “Crypto Czar” by the administration.

Contents
Emphasis on Bitcoin Reserves and Financial ResponsibilityStrategic Bitcoin (BTC) Reserve Initiative

Emphasis on Bitcoin Reserves and Financial Responsibility

Senator Lummis stands out as one of the strongest advocates for cryptocurrency policies. In a recent statement, she noted that David Sacks’ role in the administration would be crucial for cryptocurrencies. Sacks is known as a prominent venture capitalist and former PayPal executive.

Strategic Bitcoin (BTC) Reserve Initiative

Bitcoin has been rising in excitement surrounding President Donald Trump’s U.S. strategic Bitcoin reserve, surpassing $108,000 on Tuesday, marking a new record. This development has sparked enthusiasm among cryptocurrency supporters.

2025 will be a crucial year for Bitcoin and cryptocurrencies. I look forward to passing comprehensive digital asset laws with David Sacks and establishing a strategic Bitcoin reserve.

— Senator Cynthia Lummis

Lummis aims to develop laws regarding cryptocurrencies and her strategic Bitcoin reserve proposal in collaboration with Sacks. This step indicates a significant federal shift towards digital currencies following Trump’s support for a national Bitcoin reserve.

The Wyoming senator argues that Bitcoin should be an integral part of U.S. financial policy. She proposes converting a portion of the U.S. Treasury’s gold into Bitcoin, planning to use gold certificates to ensure no impact on the federal balance sheet.

Lummis noted that this plan would not require a direct expenditure of $90 billion to buy Bitcoin at current prices. This marks the first statement connecting the national Bitcoin reserve plan to the Treasury’s gold reserves.

In November, Lummis stated that her proposal could help pay off half of the U.S. debt within 20 years and provide protection against inflation. She also mentioned that a strong dollar would give the U.S. enhanced bargaining power against competitors like China and Russia.

The U.S. steps towards cryptocurrency and Bitcoin reserves aim to bring innovative solutions to fiscal policies.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Metaplanet Reaches Milestone with Massive Bitcoin Acquisition

Peter Schiff Issues Crucial Bitcoin Warning to Strategy Shareholders

Expert Warns of Potential Bitcoin Decline with Familiar Patterns

Global Companies Embrace Bitcoin with Remarkable Speed

Peter Schiff Challenges Bitcoin’s Status as a “Safe Haven”

Fatih Uçar 18 December, 2024 - 2:14 am 18 December, 2024 - 2:14 am
Share This Article
Facebook Twitter
Share
Previous Article Charles Hoskinson Applauds Ripple’s New RLUSD Stablecoin
Next Article Jack Mallers Predicts Bitcoin’s Price Surge Above $1 Million
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Altcoin Sherpa Predicts a Surge for HYPE While WIF and POPCAT Face Uncertainty
Altcoin News
Metaplanet Reaches Milestone with Massive Bitcoin Acquisition
Bitcoin News
Discover Bitcoin’s Surprising Shift Towards Stability This Summer
Bitcoin (BTC)
Ethereum Holds Steady as Major Players Boost Accumulation
Ethereum (ETH)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?