Sen. Cynthia Lummis (R-Wyo.) on Thursday backed a “budget-neutral approach” to building a Strategic Bitcoin (CRYPTO: BTC) Reserve, opposing the idea of purchasing additional BTC to address the mounting national debt.
Lummis Pushes For BITCOIN Act, Schiff Disagrees
In an X post, Lummis agreed with Treasury Secretary Scott Bessent, who said that the Treasury Department is “committed” to exploring budget-neutral pathways for expanding the stockpile.
“We cannot save our country from $37 trillion debt by purchasing more bitcoin, but we can revalue gold reserves to today’s prices & transfer the increase in value to build SBR,” …