Chris Hayes emphasized the financial implications of a bill to have the U.S. Treasury buy one million Bitcoins, amounting to $100 billion, benefiting wealthy crypto owners.
In an eye-opening segment, Hayes critiqued the Republican proposal to support the crypto industry, suggesting that it served as a bailout for rich crypto investors and highlighted the volatility of cryptocurrencies.
Senator Cynthia Lummis showcased her proposed Bitcoin Reserve bill at a crypto event, aiming to create a strategic reserve while demanding U.S. taxpayer investment in its holdings.
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