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Passage of 'Bitcoin Act of 2024' in US Senate by end of 2024
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official US Senate voting records and announcements
Story
Senator Lummis Introduces S4912 'Bitcoin Act of 2024' to Create US Bitcoin Reserve, Reduce Debt by $16T
Nov 15, 2024, 06:06 AM
Senator Cynthia Lummis has officially introduced the 'Bitcoin Act of 2024' (S4912 bill) into the US Congress for a vote. The bill proposes the sale of Federal Reserve gold to fund the creation of a US strategic Bitcoin reserve. The plan aims to purchase up to 1 million Bitcoins over a five-year period, with a maximum acquisition of 200,000 Bitcoins per year. Michael Saylor supports the bill, suggesting it could reduce the US government debt by $16 trillion. The proposal argues that Bitcoin is a harder asset compared to gold.
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Approved without amendments • 25%
Approved with amendments • 25%
Rejected • 25%
No decision by deadline • 25%
Passed and implemented • 25%
Passed but not implemented • 25%
Not passed • 25%
Delayed decision • 25%
Passed • 25%
Rejected • 25%
Postponed • 25%
Withdrawn • 25%
