Chamber of Digital Commerce Urges Support for Bitcoin Reserve Act

IconCryptoNewsTerminal Staff01 Aug, 2024

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Chamber of Digital Commerce Urges Support for Bitcoin Reserve Act

The Chamber of Digital Commerce, a leading crypto advocacy group, urges support for the Bitcoin Reserve Act from US senators. Introduced by pro-crypto Senator Cynthia Lummis, the act proposes the US government to hold Bitcoin as a strategic reserve asset. If passed, this act would require the Treasury to establish a crypto vault, purchasing 1 million Bitcoins over the following five years. According to the Chamber of Digital Commerce, passing this act "would assist the government in hedging against inflation and economic instability."

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