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<ul class="wp-block-list news-points"> 
 <li>U.S. senator proposes to acquire 1 million Bitcoin for a national reserve.&nbsp;&nbsp;</li> 
 <li>Bitcoin integration aims to strengthen economic stability and security.&nbsp;&nbsp;</li> 
 <li>Proof of Reserve system ensures transparency and public accountability.&nbsp;&nbsp;</li> 
</ul> 
Senator Cynthia Lummis has introduced the Bitcoin Act of 2024, a proposal to establish a Strategic Bitcoin Reserve for the United States.&nbsp; 
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 <img decoding="async" width="527" height="440" src="https://coinedition.com/wp-content/uploads/2024/11/Screenshot_124.png" alt="" class="wp-image-550151" srcset="https://coinedition.com/wp-content/uploads/2024/11/Screenshot_124.png 527w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_124-300x250.png 300w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_124-380x317.png 380w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_124-107x89.png 107w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_124-296x247.png 296w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_124-287x240.png 287w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_124-198x165.png 198w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_124-253x211.png 253w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_124-84x70.png 84w, https://coinedition.com/wp-content/uploads/2024/11/Screenshot_124-90x75.png 90w" sizes="(max-width: 527px) 100vw, 527px">
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 <a href="https://x.com/BitcoinMagazine/status/1859886616309014826" target="_blank" rel="nofollow">Source: X</a>
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The plan seeks to acquire 1 million BTC over five years and reduce the national debt by 50% within two decades. By incorporating Bitcoin into its asset strategy, the U.S. aims to position itself as a leader in digital finance. 
<h2 class="wp-block-heading" id="h-bitcoin-as-a-hedge-against-economic-uncertainty">Bitcoin as a Hedge Against Economic Uncertainty</h2> 
Senator Lummis doubled down on Bitcoin’s potential to slash the national debt, describing it as a hedge against economic risks. The plan also introduces a cryptographically attested Proof of Reserve system to enhance transparency. An initial $6 billion in annual earnings from the Federal Reserve will fund the reserve, alongside measures affirming citizens’ property rights for Bitcoin self-custody. 
Lummis’s vision for a Strategic Bitcoin Reserve…
The post <a href="https://coinedition.com/bitcoin-act-u-s-plans-1m-btc-reserve-to-slash-national-debt/">Bitcoin Act: U.S. Plans $1M BTC Reserve to Slash National Debt</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Act: U.S. Plans $1M BTC Reserve to Slash National Debt

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