Senator Cynthia Lummis Proposes Bill for U.S. To Buy 5% of Bitcoin's Supply

By Yahoo! Finance | Jul 29, 2024 at 05:51 AM EST

Senator Cynthia Lummis presented a bill at the Bitcoin 2024 conference, suggesting the U.S. government buy 5% of the global Bitcoin supply to reduce national debt. The plan involves acquiring one million Bitcoin over five years, estimated to cost $73 billion.

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