Key Points:
- Senator Cynthia Lummis urges the U.S. to establish a Strategic Bitcoin Reserve, warning that other nations, like the Czech Republic, are moving ahead with similar plans.
- The Czech Republic is proposing a Bitcoin acquisition bill, potentially making it the first country to hold a national Bitcoin reserve.
Senator Cynthia Lummis is renewing calls for the United States to establish a Strategic Bitcoin Reserve, emphasizing the need for swift action as other nations move forward with similar plans.
Read more: Senator Cynthia Lummis Proposes Bitcoin Reserve Bill as National Debt Hits New High
Senator Cynthia Lummis Pushes for a U.S. Strategic Bitcoin Reserve
Lummis took to social media to stress the urgency of the matter, stating:
“If you’re not first, you’re last. America must take decisive action to establish a Strategic Bitcoin Reserve and secure its place in the 21st century.”
The discussion gained momentum after Czech National Bank Governor Ales Michl revealed plans to introduce legislation for Bitcoin acquisitions.
Trump’s Stance on Digital Assets Sparks Speculation
If approved, the bill would position the Czech Republic as a leader in governmental Bitcoin holdings. Meanwhile, several U.S. states, including Arizona and Utah, have advanced Bitcoin-related bills, signalling a growing acceptance of cryptocurrency at the state level.
While former President Donald Trump initially remained quiet on cryptocurrency after his inauguration, he later signed an executive order on digital asset stockpiles, focusing primarily on stablecoins and national digital currency development. However, Trump has yet to indicate support for a dedicated Bitcoin reserve.
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