Senator Cynthia Lummis Gives New Hope to Bitcoin If Trump Wins
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Read more: Trump Limited Edition Sneakers Now Available For Bitcoin Payments
Senator Cynthia Lummis stressed that once, and when, the Trump Administration does come, innovation should be fostered without over-regulation.
Previously, Lummis was working on a bill for a Bitcoin reserve with the goal of accumulating 1 million Bitcoins in a five-year period from the current 200,000 owned. The legislation, which was revealed at Bitcoin 2024, had gold certificates exchanged at face value to buy Bitcoin and increase their reserves, including gold and Bitcoin.
The next couple of months are defining for this bold initiative. Lummis envisions Bitcoin’s future as a central reserve asset for the United States, much like gold does.
Independent candidate Robert F. Kennedy Jr., who also spoke at the Bitcoin 2024 conference, pledged to mandate that the US Treasury purchase 500 Bitcoins daily to reach a goal of 4 million Bitcoins that would help cement America’s place in the world.
The former president, now Republican candidate Donald Trump, did not keep the crypto ambitions quiet, revealing it was opening a “crypto army” and would start accepting a host of different cryptocurrencies for campaign donations. Among these are Bitcoin, Ether, Solana, Dogecoin, and Shiba Inu.
Moreover, Trump released a line of Bitcoin-themed sneakers and listed them on eBay for $2.500 per pair. The earlier sets of NFTs that Trump launched prepared the ground very well for the new launch, and what can be noted is that the premium NFT sneakers sold out pretty fast; the lower price variants are still on sale.
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