Senator Cynthia Lummis
@SenLummis
My BITCOIN Act is currently the only viable solution that positions us to cut our national debt in half by 2045. I joined @BanklessHQ to discuss how my commonsense legislation will get us back on track and secure our position as a world leader in financial innovation.
LIVE NOW -- Cynthia Lummis: The BITCOIN Act - BTC in U.S. Reserves?
@SenLummis is a leading Bitcoin advocate in the United States' Congress who recently introduced her proposal, "the Bitcoin Act," which seeks to create a strategic Bitcoin reserve for the United States of America.
In today's episode, we explore how the bill could address the $35 trillion debt, the conversion of gold certificates to Bitcoin, and its economic implications.
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Timestamps:
0:00 Intro
6:40 The Bitcoin Act
10:01 Gold to Digital Gold
15:01 U.S. Strategic Reserves
18:00 U.S. Discretion in Selling Forfeited #Bitcoin
20:44 Is Bitcoin Ready for @federalreserve Backing? 23:24 Bitcoin Adoption to Tackle U.S. Debt
28:17 Bitcoin's Potential Impact
33:15 Being First in Bitcoin Strategic Reserves
39:22 Pros vs. Cons of Bitcoin Strategic Reserves
49:08 Bipartisan Prospects and Democratic Silence 53:52 Conservative Support vs. Liberal Adoption
56:30 #DonaldTrump vs. #KamalaHarris on Crypto Legislation
2024-09-02T12:35:43.000Z
2024-09-04T13:29:29.000Z