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Senator Cynthia Lummis will propose a bill for the U.S. Treasury Department to purchase one million Bitcoins

Senator Cynthia Lummis will propose a bill for the U.S. Treasury Department to purchase one million Bitcoins

Bitget2024/07/28 01:43

News on July 28, The Block reported that Senator Cynthia Lummis stated she will propose a bill next week directing the U.S. Treasury to purchase one million bitcoins (worth about $69 billion) within five years. She said this move is to offset the impact of dollar depreciation.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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