https://t.co/eRvdZ4PcpU
Renewed interest surges in @CynthiaMLummis proposal for a Strategic Bitcoin Reserve amid a Trump win and #BITCOIN new all-time high.
https://t.co/vi6zRhV7MW
#BitcoinAct - “Let’s put America on sound financial footing and pass the Bitcoin Act”
Strategic Bitcoin Reserve is part of upcoming Bitcoin Act that’s already introduced to US Congress.
Telegram:
https://t.co/rNM4tx5ekS
Website:
https://t.co/i1rijyzkxA
Contract:
0x079d0150cc21e127898db0f51f18ca54db56b1ba
TRUMP'S POTENTIAL TREASURY PICK IS A BITCOIN ADVOCATE
- Billionaire hedge fund manager Scott Bessent, a vocal crypto supporter, is reportedly Trump’s top choice to lead the U.S. Treasury, with Polymarket showing an 89% chance he’ll get the role.
- If appointed, Bessent could oversee Trump’s proposed U.S. Bitcoin reserve, a strategic move to establish a government-controlled stockpile akin to the nation’s gold reserves.
- The proposal, backed by Sen. Cynthia Lummis, envisions buying up to 1 million BTC over five years, potentially using funds from Federal Reserve assets, including bonds and gold.
- Bessent sees Bitcoin as a way to re-engage Americans with markets, particularly younger generations disillusioned with traditional finance.
- Known for supporting digital assets, Bessent previously praised the potential of a Bitcoin reserve as a modernized approach to American financial strength.
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