Share this article
BTC
$88,288.72
+
1.00%ETH
$1,584.87
-
3.50%USDT
$0.9999
+
0.03%XRP
$2.0880
-
1.55%BNB
$600.77
-
0.43%SOL
$139.35
-
1.19%USDC
$0.9999
+
0.02%DOGE
$0.1614
+
0.14%TRX
$0.2461
+
0.60%ADA
$0.6265
-
2.34%LINK
$13.16
-
3.20%LEO
$9.1283
-
2.87%AVAX
$19.94
-
0.54%XLM
$0.2486
-
1.35%SHIB
$0.0₄1248
-
2.42%TON
$2.9338
-
3.52%SUI
$2.2364
+
0.64%HBAR
$0.1707
-
0.56%BCH
$345.87
+
1.92%HYPE
$18.61
+
2.57%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Senator Lummis Proposes the U.S. Buy 1M Bitcoin to Reduce National Debt
The Wyoming senator brought a copy of her legislation to the stage at the Bitcoin Conference in Nashville.
NASHVILLE — U.S. Senator Cynthia Lummis plans to introduce legislation calling for a "strategic bitcoin reserve" that will reduce the national debt of the United States by buying 1 million bitcoin BTC$88,224 over the course of five years.
The bitcoin would be held for at least 20 years, she said.
STORY CONTINUES BELOW
"This is the solution. This is the answer. This is our Louisiana purchase moment,” the Wyoming senator said on stage after former President Donald Trump spoke and endorsed the idea of a bitcoin reserve.
At current prices, 1 million bitcoin are worth about $68 billion.
Danny Nelson
Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
