Senator Lummis Proposes U.S. Purchase of 1 Million Bitcoin With Trump and 14 Congressmen's Support, Calls to Eliminate Crypto Taxes

By: defi news|2025/05/14 02:30:09

Senator Cynthia Lummis has introduced a bill proposing that the United States government purchase 1 million Bitcoin. The initiative has garnered support from former President Donald Trump and 14 members of Congress, signaling growing political momentum behind the plan. In addition to advocating for the Bitcoin acquisition, Senator Lummis has called on the U.S. Treasury to eliminate taxes on Bitcoin and cryptocurrency companies, aiming to foster a more favorable regulatory environment for the crypto industry.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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