Wyoming Senator Cynthia Lummis has launched a Bitcoin Reserve Invoice aimed toward reworking the US financial system
Wyoming Senator Cynthia Lummis has launched a Bitcoin Reserve Invoice aimed toward reworking the US financial system.
The proposal suggests the Federal Reserve ought to add Bitcoin to its steadiness sheet as a strategic reserve to assist handle the nationwide debt, which has just lately surpassed $35 trillion.
Critics, together with specialists from the Cato Institute, have raised issues in regards to the feasibility and potential penalties of this plan, which includes buying 1 million BTC value $100 billion.
The nationwide debt, now greater than 122% of the nationwide GDP, continues to develop, with important contributions from Social Safety and Medicare. As the talk over the Bitcoin Reserve Invoice and related proposals from figures like Trump continues, the broader implications for the US financial system and monetary stability stay unsure.
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