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Cynthia Lummis Has Brilliant Idea to Save America With Bitcoin – Let’s All Hold Our Breath Until She Realizes It Was a Bad One

An illustration: A cartoon U.S. Capitol building in the background is engulfed by a massive Bitcoin logo made out of gold coins and dollar bills; at its center stands Cynthia Lummis holding a tiny American flag while standing on top of 1 million Bitcoins, with her eyes closed as if waiting for something to happen. The scene below depicts chaos: people running away from falling dollars and coins, others trying to grab onto the Bitcoin logo before it's too late. In the foreground, gold bars are melting into liquid like wax in a furnace while dollar bills burn in flames;

You gotta love it when politicians try to sound smart about cryptocurrency without actually understanding what they’re talking about. Cynthia Lummis is at it again, introducing a bill called the BITCOIN Act because she thinks buying 1 million Bitcoins would be a great idea for America’s balance sheet

Source: bitcoin.com

U.S. Senator Cynthia Lummis has officially introduced the BITCOIN Act in the Senate, aiming to establish a strategic bitcoin reserve as an additional store of value to strengthen America’s balance sheet. The initiative seeks to position the U.S. as a leader in financial innovation by proposing the purchase of 1 million bitcoins and ensuring robust security measures. U.S. Senator Cynthia Lummis (R-WY) announced on Wednesday that she has officially introduced […]

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