News with the tag "Cynthia Lummis"

The collapse of a procedural Senate vote on stablecoin legislation (GENIUS Act) Thursday underscores the challenges of keeping cryptocurrency policy bipartisan. Once poised for smooth passage, the bill was derailed after last-minute Democratic objections and a lack of time to review final text — des...

At the Digital Asset Summit on March 19, Senator Cynthia Lummis (R-WY) claimed that the previous Biden administration may have sold a significant portion of the United States’ confiscated Bitcoin holdings. During a panel discussion, Senator Lummis outlined her concerns, explaining that while the Uni...

Senator Cynthia Lummis , the new Head of the U.S. Historic Senate Subcommittee on crypto, has taken a major step focused on the country’s long-term economic plans. She has recently reintroduced a bill aimed at creating a national Bitcoin reserve. This move aligns with President Donald Trump’s execut...

Bitcoin Magazine US Senator And Congressman Introduce Strategic Bitcoin Reserve Bills To Buy One Million BTC Today at the Bitcoin Policy Institute’s “Bitcoin for America” summit in Washington DC, U.S. Senator from Wyoming Cynthia Lummis announced that she is going to reintroduce her strategic Bitcoi...

Senator Cynthia Lummis has revealed that she will reintroduce the Bitcoin Act bill in the US Congress. This development is significant as the bill, if passed, would provide further legitimacy for the Strategic Bitcoin Reserve which US President Donald Trump created with an Executive Order last week....

The United States could acquire over 1 million Bitcoin in five years if the authorities were to sell 15% of the country’s gold reserves, analysts estimate. Selling 15% of its gold reserves could enable the U.S. to acquire 1.05 million Bitcoin ( BTC ) in the next five years, according to new estimate...

President Donald Trump signing the executive order for US strategic reserve for Bitcoin has turned out to be a ‘sell the news’ event. Bitcoin price crashed down all the way from $92,000 to hitting a low under $85,000, dropping more than 7% in the last 24 hours. Altcoins have also come crashing down ...

Wyoming Sen. Cynthia Lummis, a leading bitcoin proponent, cast doubt on the immediate feasibility of former President Donald Trump’s proposed cryptocurrency strategic reserve, citing insufficient Congressional backing as a critical barrier. Political Resistance Slows Trump’s Bitcoin Strategic Reserv...

Stablecoins and the role of Congress in addressing future digital assets legislation took center stage during one of the Senate Banking Committee's first hearings to focus on what a regulatory framework for crypto may look like. The Wednesday hearing, framed as the jumping-off point for further Cong...

VanEck has predicted that the United States could reduce its national debt by $21 trillion in the next 24 years. The firm’s analysts believe that this could be achieved by creating a one million Bitcoin reserve over the next five years. VanEck’s Estimate According to the asset management company, a ...