{"id":3102,"date":"2024-11-21T19:21:39","date_gmt":"2024-11-21T19:21:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3102"},"modified":"2024-11-21T19:21:39","modified_gmt":"2024-11-21T19:21:39","slug":"strategic-bitcoin-reserve-wouldnt-require-new-taxpayer-dollars-says-sen-cynthia-lummis","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3102","title":{"rendered":"Strategic Bitcoin Reserve Wouldn&#8217;t Require New Taxpayer Dollars, Says Sen. Cynthia Lummis"},"content":{"rendered":"<div>\n<p>Wyoming Republican Senator <strong>Cynthia Lummis<\/strong> (R-Wyo.) on Thursday proposed converting Federal Reserve-held gold certificates into Bitcoin to establish <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42080839\/cynthia-lummis-says-strategic-bitcoin-reserve-could-take-shape-soon-after-trump-raises-his-hand-and-is-sworn-in\">a 20-year strategic<\/a> <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) reserve.<\/p>\n<p>In an <a href=\"https:\/\/www.youtube.com\/watch?v=xSKRwaK4Lq4\">interview<\/a> with CNBC, Lummis outlined how this initiative could bolster the US economy, reduce national debt and position Bitcoin as a key asset for the country.<\/p>\n<h3 class=\"wp-block-heading\"><strong>Gold-To-Bitcoin Conversion: A Debt-Free Solution<\/strong><\/h3>\n<p>Lummis stressed that the proposal wouldn&#8217;t require new taxpayer dollars. <\/p>\n<p>Instead, the government could leverage its existing resources, particularly gold certificates held at the Federal Reserve&#8217;s 12 banks. <\/p>\n<p>These certificates, currently valued at 1970s prices, could be updated to reflect their fair market value, sold and reinvested into Bitcoin.<\/p>\n<p>&#8220;We wouldn&#8217;t have to spend any new dollars,&#8221; she explained, pointing out that the United States already holds over 200,000 Bitcoin in asset forfeiture funds, which could act &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42121376\/strategic-bitcoin-reserve-wouldnt-require-new-taxpayer-dollars-says-sen-cynthia-lummis\" alt=\"Strategic\" bitcoin reserve wouldn require new taxpayer dollars says sen. cynthia lummis>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Wyoming Republican Senator Cynthia Lummis (R-Wyo.) on Thursday proposed converting Federal Reserve-held gold certificates into Bitcoin to establish a 20-year strategic Bitcoin (CRYPTO: BTC) reserve. In an interview with CNBC, Lummis outlined how this initiative could bolster the US economy, reduce national debt and position Bitcoin as a key asset for the country. Gold-To-Bitcoin Conversion: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3102","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3102"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3102\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}