American senator Cynthia Lummis presented a remarkable proposal to resolve the country’s long -term budgetary problems.
According to Lummis, if the United States held 1 million bitcoins (BTC) as a strategic reserve for 20 years, it has eliminated half the national debt of 37 billions of dollars.
Lummis said that the procedure couple was granted, says that the entry of the first steps was taken with digital assets seized held by the US Marshals Service. He argued that these assets were the starting point for a “Bitcoin Strategic Reserve”, adding that over time, other assets are converted into Bitcoin and accumulated in the reserve.
According to the senator, some of these stages the entry is immersed with existing prepaid powers with new lejislation. Howver, Lummis said that a legal framework must be set up for long -term security:
“The legislation of a Bitcoin strategic reserve is crucial because it cannot be easily eliminated by the policies of future presidents.”
Lummis said the goal was to color 1 million bitcoins, about 5% of the total offer, and maintain them for 20 years. According to Lummis, if this vision is made, it does them at the hem of the American national debt.
* These are not impact advice.
