Thursday, June 5, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Lummis Confirms Treasury Probes Direct Buys

April 2, 2025
in Bitcoin
Reading Time: 4 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on TwitterShare on E Mail


Trusted Editorial content material, reviewed by main business consultants and seasoned editors. Advert Disclosure

In an interview with Bitcoin commentator Natalie Brunell, Senator Cynthia Lummis (R-WY) reaffirmed her dedication to establishing a US Strategic Bitcoin Reserve (SBR), disclosing that the Treasury Division is probing its authorized authority to buy and custody BTC on behalf of the federal authorities. The senator believes such a transfer may considerably scale back the nationwide debt over the long run.

Senator Lummis Pushes Bitcoin Reserve

Lummis pointed to roughly 200,000 BTC within the US Marshals Service’s asset forfeiture program as a attainable start line: “Working with Treasury, and the Treasury Secretary, we’re looking for out which belongings amongst these may turn into the premise of the primary yr’s funding in a strategic Bitcoin reserve.”

Additional clarifying her stance, the senator famous she is figuring out whether or not a brand new regulation is required or if the administration already has the authority: “What I’m attempting to determine proper now’s whether or not it must be achieved legislatively or whether or not the Treasury Secretary has the authority to do it proper now.”

Lummis proposes changing the seized BTC into an official “base funding,” which she says could be the muse of a bigger BTC reserve. If profitable, this might mark the primary time the US authorities intentionally and brazenly gathered Bitcoin as a strategic asset.

One in every of Lummis’ primary arguments for a SBR is its capability to trim the federal debt, which she deems “irresponsibly excessive.” Underneath her Bitcoin Act, the US may additionally revalue its gold certificates—at present listed at a decades-old official value of $42 per ounce, far beneath market worth—and deploy the distinction towards buying BTC in a price range impartial method:

“My laws would supply that we may take our gold certificates… convey them as much as present honest market worth for gold after which use that to purchase Bitcoin, thereby making a 1 million Bitcoin reserve over 5 years.”

She contends that holding this million BTC over a 20-year horizon may “reduce the present nationwide debt in half.” Citing in depth modeling—some from advocates like Michael Saylor—she believes the worth appreciation of BTC has the potential to ship important positive aspects to taxpayers.

New Episode Out Now! 🇺🇸

U.S. Senator Cynthia Lummis is main the Bitcoin Revolution in Washington.

Her daring plans for America via Bitcoin & digital asset coverage promise to reshape the monetary system—scale back U.S. debt, defend Bitcoin self-custody, and reinforce greenback… pic.twitter.com/G1Rvl1ORDb

— Natalie Brunell ⚡️ (@natbrunell) April 1, 2025

The senator lauded President Trump’s current govt orders that goal to make america “the digital asset capital of the world” by fostering a good surroundings for BTC mining, regulatory readability, and a strategic reserve. Based on Lummis, these strikes stand in stark distinction to prior administrations, the place “individuals neither knew nor needed to speak about digital belongings.”

Nonetheless, Lummis additionally underscored the necessity for bipartisan collaboration, suggesting that whereas Bitcoin has now garnered curiosity in Republican circles, it mustn’t turn into a strictly partisan endeavor: “We wish to preserve that momentum… We labored extraordinarily laborious to maintain it bipartisan, so I can’t flip my mind and begin to think about it as a partisan concern.”

At press time, BTC traded at $84,202.

Bitcoin price
BTC hovers above $84,000, 1-day chart | Supply: BTCUSDT on TradingView.com

Featured picture from YouTube, chart from TradingView.com

Editorial Course of for bitcoinist is centered on delivering totally researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent assessment by our crew of prime know-how consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.





Source link

Tags: buysConfirmsdirectLummisProbesTreasury
Previous Post

Where to see Van Gogh’s work in 2025: Boston, London and beyond – The Art Newspaper

Next Post

UK Trade Bodies Seek Crypto and Blockchain Policy for Economic Growth, Project a £57 Billion Boost Over a Decade.

Related Posts

Messari Flags XRP’s Silent Rise As A Treasury Favorite—Here’s Why
Bitcoin

Messari Flags XRP’s Silent Rise As A Treasury Favorite—Here’s Why

June 5, 2025
Uber Eyes Stablecoins to Cut Global Payment Costs, CEO Says Bitcoin Is a ‘Proven Commodity’
Bitcoin

Uber Eyes Stablecoins to Cut Global Payment Costs, CEO Says Bitcoin Is a ‘Proven Commodity’

June 5, 2025
Zora Takes Off, Up 30% In 3 Days: Will Their Pivot To Creator Coins Pay Off?
Bitcoin

Zora Takes Off, Up 30% In 3 Days: Will Their Pivot To Creator Coins Pay Off?

June 5, 2025
XRP Price Enters Accumulation Phase – Why $2.08 Must Hold Or Risk A Crash
Bitcoin

XRP Price Enters Accumulation Phase – Why $2.08 Must Hold Or Risk A Crash

June 5, 2025
Corporate Bitcoin Buying Binge Could Trigger Crash: StanChart
Bitcoin

Corporate Bitcoin Buying Binge Could Trigger Crash: StanChart

June 5, 2025
Bitcoin Pullback or Setup? On-Chain Metrics Hint at What’s Coming Next
Bitcoin

Bitcoin Pullback or Setup? On-Chain Metrics Hint at What’s Coming Next

June 5, 2025
Next Post
UK Trade Bodies Seek Crypto and Blockchain Policy for Economic Growth, Project a £57 Billion Boost Over a Decade.

UK Trade Bodies Seek Crypto and Blockchain Policy for Economic Growth, Project a £57 Billion Boost Over a Decade.

Kraken Secures Restricted Dealer Registration in Canada: Appoints New North America GM

Kraken Secures Restricted Dealer Registration in Canada: Appoints New North America GM

Bitcoin’s Price Aren’t Just Crypto Signals—They’re NFT Forecasts

Bitcoin’s Price Aren’t Just Crypto Signals—They’re NFT Forecasts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In