Bitcoin
Bitcoin (BTC)
$96,905.00 0.45767
Bitcoin price
Ethereum
Ethereum (ETH)
$1,838.77 -0.333
Ethereum price
BNB
BNB (BNB)
$598.74 -0.31293
BNB price
Solana
Solana (SOL)
$147.97 -1.4642
Solana price
XRP
XRP (XRP)
$2.21 -0.62987
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000133 -1.60629
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000086 -1.51969
Pepe price
Bonk
Bonk (BONK)
$0.0000184 -2.8224
Bonk price
dogwifhat
dogwifhat (WIF)
$0.634176 2.78304
dogwifhat price
Popcat
Popcat (POPCAT)
$0.396796 5.92652
Popcat price
Bitcoin
Bitcoin (BTC)
$96,905.00 0.45767
Bitcoin price
Ethereum
Ethereum (ETH)
$1,838.77 -0.333
Ethereum price
BNB
BNB (BNB)
$598.74 -0.31293
BNB price
Solana
Solana (SOL)
$147.97 -1.4642
Solana price
XRP
XRP (XRP)
$2.21 -0.62987
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000133 -1.60629
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000086 -1.51969
Pepe price
Bonk
Bonk (BONK)
$0.0000184 -2.8224
Bonk price
dogwifhat
dogwifhat (WIF)
$0.634176 2.78304
dogwifhat price
Popcat
Popcat (POPCAT)
$0.396796 5.92652
Popcat price
Bitcoin
Bitcoin (BTC)
$96,905.00 0.45767
Bitcoin price
Ethereum
Ethereum (ETH)
$1,838.77 -0.333
Ethereum price
BNB
BNB (BNB)
$598.74 -0.31293
BNB price
Solana
Solana (SOL)
$147.97 -1.4642
Solana price
XRP
XRP (XRP)
$2.21 -0.62987
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000133 -1.60629
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000086 -1.51969
Pepe price
Bonk
Bonk (BONK)
$0.0000184 -2.8224
Bonk price
dogwifhat
dogwifhat (WIF)
$0.634176 2.78304
dogwifhat price
Popcat
Popcat (POPCAT)
$0.396796 5.92652
Popcat price
Bitcoin
Bitcoin (BTC)
$96,905.00 0.45767
Bitcoin price
Ethereum
Ethereum (ETH)
$1,838.77 -0.333
Ethereum price
BNB
BNB (BNB)
$598.74 -0.31293
BNB price
Solana
Solana (SOL)
$147.97 -1.4642
Solana price
XRP
XRP (XRP)
$2.21 -0.62987
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000133 -1.60629
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000086 -1.51969
Pepe price
Bonk
Bonk (BONK)
$0.0000184 -2.8224
Bonk price
dogwifhat
dogwifhat (WIF)
$0.634176 2.78304
dogwifhat price
Popcat
Popcat (POPCAT)
$0.396796 5.92652
Popcat price

Senator Lummis claims Trump supports 1M Bitcoin strategic reserve bill

Jayson Derrick
Edited by
News
Senator Lummis claims Trump supports 1M Bitcoin strategic reserve bill

Sen. Lummis stated that Donald Trump supports her BITCOIN Act, which would mandate that the government accumulate 1 million Bitcoins.

Bitcoin strategic reserve could soon become a reality. On a Friday, May 2 speech to the U.S. Senate, Senator Cynthia Lummis stated that U.S. President Donald Trump supports her BITCOIN Act.

I’m particularly pleased with President Trump’s support for my strategic Bitcoin reserve initiative, which will address our national debt, while securing America’s position as the global leader in financial innovation,” Senator Cynthia Lummis stated.

Bitcoin puts American workers first: Lummis

In the same speech, Lummis defended Bitcoin’s security while also expressing her view that a Bitcoin reserve would benefit ordinary Americans. Notably, Lummis stated that Bitcoin puts “the everyday American and the everyday worker all over the world in control over their own money.”

As Bitcoin comes into more usage, its use makes the whole system more secure, more robust, and more capable of serving our needs all over the world. We should be the global leader,” Lummis.

The act, which Lummis proposed in the Senate, mandates the U.S. government to acquire 1 million Bitcoins (BTC) over five years. This acquisition would make the U.S. government the largest single holder of Bitcoin, which has a capped supply of 21 million.

Currently, the U.S. government holds about 198,000 BTC, mostly from seized assets, with a combined value of $19 billion. At current prices, the U.S. would need to invest around $76 billion in BTC to reach the 1 million BTC target. However, prices are unlikely to remain stable, as markets would likely see this move as a major bullish signal.

The relatively illiquid supply of Bitcoin, compared to traditional assets, means that Bitcoin’s price would likely rise significantly once the acquisition starts. U.S. would also have to compete with Bitcoin giants such as Strategy, which has announced plans to invest $84 million in BTC.

Read more about

Rexas Finance Presale

  • RWA Ecosystem
  • Certik Audited
  • Raised Above $35,000,000
  • 40,000+ Holders
  • 100,000+ Community