Senator Lummis Pushes for U.S. to Acquire 1 Million Bitcoin – What This Means for You!

bitcoin-usd/”>BITCOIN MANIA: Lummis’ Crazy Plan to Buy 1 Million Bitcoins for the US!”

Oh, mon dieu! Senator Cynthia Lummis, that paragon of prudence and fiscal responsibility, has announced the reintroduction of the Bitcoin Act. One wonders what could possibly go wrong, n’est-ce pas? 🤔

At a conference hosted by the Bitcoin Policy Institute, a gathering of the most esteemed minds in the field of cryptocurrency (or so they claim), Lummis unveiled her plan to acquire 1 million Bitcoins for the U.S. government. Ah, but what’s a million Bitcoins among friends, eh? 💸

This is not the first time Lummis has attempted to foist this harebrained scheme upon the good people of the United States. She previously introduced the legislation in July 2024, but alas, it failed to gain traction due to a lack of bipartisan support. One supposes that’s what happens when you propose something as sensible as buying a million Bitcoins. 🤷‍♀️

Lummis had, of course, been hinting at this announcement for some time. She co-hosted a Bitcoin-themed event in Washington, D.C., where she revealed her plan to the world. Because, you know, subtlety is not exactly her strong suit. 🤣

The Bitcoin Policy Institute, a group of esteemed experts (or so they claim), organized the event to discuss the significance of Bitcoin in the U.S. economy. One can only assume that they were all secretly plotting to buy a million Bitcoins and make a killing. 🤑

In her announcement, Lummis referenced Bitcoin’s symbol (₿), stating, “₿ig things cooking.” Ah, a clever play on words, no? Many took it to mean that major developments or potential legislative initiatives regarding Bitcoin may be on the horizon. Or, you know, it could just mean that she’s cooking up a storm in the kitchen. 🍳

Strategic Bitcoin reserve

The move follows President Donald Trump’s recent executive order establishing a Strategic Bitcoin Reserve. However, Trump’s order focuses on managing seized crypto assets rather than acquiring new holdings. Because, you know, that’s exactly what we need: a Strategic Bitcoin Reserve to manage the assets of convicted felons. 🤦‍♂️

Lummis’ proposal, on the other hand, aims to take a more proactive stance on Bitcoin adoption at the federal level. One wonders what could possibly go wrong with that. 🤔

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2025-03-11 17:28