Senator Cynthia Lummis has proposed the creation of a Bitcoin strategic reserve as a means to help balance the U.S. federal budget. She has suggested that holding Bitcoin for 20 years could reduce the national debt by half. Lummis has been advocating for budget-neutral strategies for acquiring Bitcoin, including revaluing gold certificates, using U.S. energy resources to mine the cryptocurrency directly, and purchasing up to 1 million Bitcoin. President Donald Trump has endorsed Senator Lummis for re-election, supporting her Bitcoin advocacy and her proposed bill aimed at acquiring Bitcoin for the U.S. Treasury. Lummis has stated that Bitcoin and digital assets are integral to the future of the United States' financial system. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
