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Podcast

U.S. Strategic BTC Reserve - The BITCOIN Act | Senator Cynthia Lummis

How feasible is Lummis's BITCOIN Act?
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Aug 30, 2024 • 1 min read

🎬 DEBRIEF | Ryan & David unpacking the episode 🎬

✨ Mint the episode on Zora ✨

In this episode, we sit down with U.S. Senator Cynthia Lummis, one of the most vocal advocates for Bitcoin in Congress. Senator Lummis discusses her groundbreaking proposal, "the Bitcoin Act," which aims to establish a strategic Bitcoin reserve for the United States. We dive deep into the details of the bill, including how it could address America's $35 trillion debt, the mechanics of converting gold certificates to Bitcoin, and the broader implications for the U.S. economy.

Senator Lummis also shares her thoughts on the future of Bitcoin as digital gold, the potential for an international Bitcoin arms race, and why she believes the U.S. must lead in this new era of digital assets. Additionally, we explore the significance of self-custody rights and the potential impact of upcoming elections on crypto legislation.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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