Have you read and carefully analyzed the Lummis BITCOIN Act of 2024?
I have, which is why I must tell you why this bill is not only philosophically misguided but, practically speaking, utterly preposterous. I'll also help you understand who is funding Sen. Cynthia Lummis.
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First, understand that in simple terms, the bill proposes the establishment of a Strategic Bitcoin Reserve, where the United States would purchase and custody 1M Bitcoin over five years to enhance national financial security and diversify reserves.
The bill also mandates a 20-year minimum holding period and uses Federal Reserve resources to offset costs, signaling a clear shift toward Bitcoin as a strategic asset.
Dec 6, 2024 • 18 tweets • 3 min read
Pres. Trump recently threatened BRICS and Putin with crippling tariffs if they support an alternative to the USD.
Understand this: BRICS will embrace #Bitcoin as their currency, it will happen soon after Trump takes office and it will change everything.
You might be interested in a timeline of events that I constructed from the 50-page @Swan Bitcoin lawsuit.
I'll post these chronologically so that replies can be posted with context or missing information.
⚠️Important disclosure: these are presented as allegations only.
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Before we start, here is the list of defendants:
Proton Management Ltd.
Thomas Patrick Furlong
Ilios Corp.
Michael Alexander Holmes
Rafael Dias Monteleone
Santhiran Naidoo
Enrique Romualdez
Lucas Vasconcelos
