{"id":4497,"date":"2024-12-19T19:18:55","date_gmt":"2024-12-19T19:18:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4497"},"modified":"2024-12-19T19:18:55","modified_gmt":"2024-12-19T19:18:55","slug":"senator-lummis-introduces-strategic-bitcoin-reserve-proposal","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4497","title":{"rendered":"Senator Lummis Introduces Strategic Bitcoin Reserve Proposal"},"content":{"rendered":"<div>\n<p>Senator <strong>Cynthia Lummis<\/strong> (R-Wyo.) has introduced a proposal that would grant the <a href=\"https:\/\/www.benzinga.com\/24\/12\/42564443\/santa-came-early-with-rate-cut-but-federal-reserve-brings-coal-next-year-experts-weigh-in-on-rate-cut-feds-2025-projections\">Federal Reserve<\/a> the authority to own <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>).<\/p>\n<p><strong>What Happened: <\/strong><a href=\"https:\/\/x.com\/BTC_Archive\/status\/1869793895347040402\">According <\/a>to Lummis, this strategic initiative aims to create a \u201c<a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42505162\/trump-reportedly-considering-executive-order-to-establish-strategic-bitcoin-reserve\">Strategic Bitcoin Reserve<\/a>,\u201d where the U.S. government would purchase 200,000 Bitcoins annually for five years, holding them for at least two decades.<\/p>\n<p>This reserve would serve dual purposes: to back the U.S. dollar, the world\u2019s reserve currency, and to offset the national debt, currently over $36 trillion.<\/p>\n<p>Senator Lummis argued for the necessity of this reserve during a recent interview, stating, \u201cI want our federal government to have a strategic Bitcoin reserve that can help back the U.S. dollars, the world reserve currency, and then serve as a long-term savings account, thereby offsetting &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42601193\/senator-lummis-introduces-strategic-bitcoin-reserve-proposal\" alt=\"Senator\" lummis introduces strategic bitcoin reserve proposal>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Senator Cynthia Lummis (R-Wyo.) has introduced a proposal that would grant the Federal Reserve the authority to own Bitcoin (CRYPTO: BTC). What Happened: According to Lummis, this strategic initiative aims to create a \u201cStrategic Bitcoin Reserve,\u201d where the U.S. government would purchase 200,000 Bitcoins annually for five years, holding them for at least two decades. [&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-4497","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\/4497","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=4497"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4497\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}