Cynthia Lummis: “Assets that are already held by the federal government in…”

“It's really hard to find out. We continue to dig and try to find out. The Bitcoin act does not require new money to be spent to acquire Bitcoin. It provides that Assets that are already held by the federal government in the form of gold certificates could be brought from their 1970s value up to current market value and then sold to purchase Bitcoin. So you don't even need to use new money, new tax dollars to create a strategic bitcoin reserve that if held for 20 years, is robust enough to cut our national debt in half.” (09:42–09:57)

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