Senator Lummis’ Bitcoin Act With Trump Support Proposes 1 Million Bitcoin Purchase to Address $36 Trillion U.S. Debt

U.S. Senator Cynthia Lummis has promoted the Bitcoin Act, advocating it as the only solution to the nation’s $36 trillion debt. The bill includes a Strategic Bitcoin Reserve initiative, which proposes that the U.S. government purchase 1 million bitcoins to address the national debt and enhance America’s global financial leadership. The initiative has received support from former President Donald Trump, who has publicly backed the plan. Trump’s endorsement also includes hosting top holders of his memecoin for a dinner and White House tour. The combined efforts of Lummis and Trump aim to position Bitcoin as a key asset in U.S. fiscal policy. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant