Author: Max Bauer

U.S. Senator Cynthia Lummis has announced plans to introduce legislation for a “strategic bitcoin reserve”. The proposal involves the U.S. purchasing 1 million bitcoin (BTC) over a span of five years. The Wyoming senator, a long-time supporter of bitcoin, believes that this digital asset could be the solution to the country’s debt crisis. “This is our Louisiana purchase moment,” she declared, drawing parallels to the historic land acquisition that doubled the size of the U.S. in the 19th century. At current market prices, 1 million bitcoin are valued at approximately $68 billion. The proposed legislation stipulates that these bitcoins would…

Former president and Republican presidential nominee Donald Trump delivered a keynote address at the Bitcoin 2024 conference on Saturday, marking a significant shift from his previous stance that Bitcoin was not money. Trump boldly declared that under his leadership, America would become the global leader in cryptocurrency. Trump’s Vision for America’s Crypto Future Trump began his speech by emphasizing his commitment to putting “America first.” He asserted that if the U.S. did not take the lead in the crypto revolution, other nations like China would dominate. “If crypto is going to define the future, I want it to be mined,…