Republicans Scheming To Spend YOUR Money On Bitcoin
December 10, 2024
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12:17Now PlayingRepublicans Scheming To Spend YOUR Money On Bitcoin
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as posted by the channelSen. Cynthia Lummis and other republicans are scheming to use $100 billion of taxpayer money on Bitcoin. Cenk Uygur and Ana Kasparian discuss on The Young Turks. Your Support is Crucial to the Show
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"Chris Hayes broke down a plan by Republican legislators to transfer billions of dollars of taxpayer money to owners of Bitcoin in exchange for their holdings.
At issue is a bill introduced by Sen. Cynthia Lummis (R-WY) that, if enacted, would require the U.S. Treasury to buy one million Bitcoins over five years and be held for at least 20 years. As of Friday night, Bitcoin was trading at $100,000, which means purchasing that many Bitcoins at that rate would cost $100 billion."
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