Support For Bitcoin Strategic Reserve Soars: Over 2,200 Letters Flood Senate
Over 2,200 letters addressed to US senators within only 48 hours asking their support have given the proposed Bitcoin Strategic Reserve law great momentum. This grassroots initiative fits with the recent Bitcoin Act proposal by Senator Cynthia Lummis, which seeks to create a distributed network of safe Bitcoin vaults run by the US Treasury. Related […]
Over 2,200 letters addressed to US senators within only 48 hours asking their support have given the proposed Bitcoin Strategic Reserve law great momentum. This grassroots initiative fits with the recent Bitcoin Act proposal by Senator Cynthia Lummis, which seeks to create a distributed network of safe Bitcoin vaults run by the US Treasury.
Using current Treasury money, the project suggests that the US government purchase one million Bitcoin, or roughly five percent of the whole quantity. Proponents contend that this strategic reserve might be a key instrument for lowering national debt and fighting inflation, thereby establishing the U.S. as a leader in financial creativity.
BIG BREAKING: In just 48 hours over 2,200 letters have been sent to U.S. Senators requesting them to co-sponsor and support the ‘Strategic Bitcoin Reserve’ bill.
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