Senator Cynthia Lummis Says Trump Backs Plan for U.S. to Buy 1 Million Bitcoins

Cynthia Lummis announced that President Donald Trump supports her proposal for a Strategic Bitcoin Reserve, aiming for government acquisition of one million Bitcoins.

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Terms & Concepts
  • Strategic Bitcoin Reserve: A proposed U.S. government initiative to accumulate and hold Bitcoin as part of national reserves, similar to gold holdings.
  • Senate session: An official meeting of the U.S. Senate where legislators discuss or announce policy matters.
  • Bitcoin: A decentralized digital currency operating on a blockchain network, characterized by limited supply and no central authority.