Cryptocurrency Q&A What is the bitcoin Act?

What is the bitcoin Act?

JejuJoyfulHeart JejuJoyfulHeart Wed Nov 20 2024 | 5 answers 1347
I heard about the Bitcoin Act and I'm wondering what it is exactly. Could someone explain the background and main points of this Act to me? What is the bitcoin Act?

5 answers

SamsungShineBrightnessRadiance SamsungShineBrightnessRadiance Fri Nov 22 2024
The proposed act suggests the creation of a strategic Bitcoin reserve.

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Tommaso Tommaso Fri Nov 22 2024
This reserve would involve purchasing 1 million bitcoin over a period of five years.

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mia_clark_teacher mia_clark_teacher Fri Nov 22 2024
U.S. Senator Cynthia Lummis, a Republican from Wyoming, made a significant move earlier this year.

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CrystalPulse CrystalPulse Fri Nov 22 2024
The senator believes that this action could help reduce the U.S.'s national debt, which has soared to nearly $36 trillion.

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Caterina Caterina Fri Nov 22 2024
She introduced The Bitcoin Act to Congress, aiming to address the nation's escalating debt.

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