Senator Cynthia Lummis proposes a $68bn Bitcoin purchase plan to create a strategic reserve and combat inflation.

Senator Cynthia Lummis proposes a $68bn Bitcoin purchase plan, aiming to create a strategic Bitcoin reserve to strengthen the US dollar and combat inflation. The program, funded by diversifying existing funds, would see the US government acquire 1 million Bitcoin (5% of total supply) and hold it for 20 years, with possible debt repayment usage. The plan received a positive response at Bitcoin 2024 event.