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- Senator 🇺🇸 Cynthia Lummis, a vocal Bitcoin advocate, said the White House Crypto Summit on March 7 could bring more clarity, but it’s hard to get a consensus right now. We need more time.
- President Trump’s plan, announced on March 2, 2025, aims to make the US the global leader in cryptocurrencies by holding bitcoin, ethereum, XRP, solana and cardano. Will it use seized assets or buy more? Details remain unclear.
- Even the Lummis bill, which would require the US Treasury to buy 1 million BTC over 20 years to pay down federal debt, has been called out in the Senate Banking Committee.
- Host Republicans, including Tim Scott, have criticized President Trump’s plan due to funding and regulatory concerns.
- Skeptics argue that the volatility of cryptocurrencies makes them an unstable reserve asset, while proponents see them as a strategic economic tool.
In short, this Friday will hear President Trump share his wishes, but whether Congress will support them or not is yet to be seen. 0 reply
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