Category: general

Senator Lummis says Bitcoin reserve is the only solution to the U.S. national debt

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  • 2025 年 11 月 5 日
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The post Senator Lummis says Bitcoin reserve is the only solution to the U.S. national debt appeared on BitcoinEthereumNews.com. Senator Cynthia Lummis believes the answer to America’s ballooning $37 trillion debt is Bitcoin. Summary Senator Cynthia Lummis is bolstering her call for a Strategic Bitcoin Reserve, saying it could offset the national debt and act as a long-term hedge against inflation. She dismissed reports about converting U.S. gold reserves but confirmed that the Trump administration is exploring other approaches to build the SBR. The U.S. government reportedly owes over $37 trillion in national debt. U.S. Senator Cynthia Lummis has once again spotlighted Bitcoin as a cornerstone of America’s financial future, declaring that a Strategic Bitcoin Reserve is the only realistic path to offsetting the ballooning U.S. national debt. Lummis mentioned this in a recent tweet saying, “I truly believe the Strategic Bitcoin Reserve is the only solution to offset our national debt. I applaud President Donald Trump and his administration for embracing the SBR, and I look forward to getting it done.” Her statement accompanied a clip from a Bloomberg Television interview where she discussed the growing interest in BTC-backed reserves at the federal level. The interviewer asked about the idea of converting U.S. gold holdings into Bitcoin (BTC). While Lummis confirmed no traction on that front, she said the administration is exploring “other ways to have a strategic Bitcoin reserve.” She added that Bitcoin is an asset that will grow over time and help offset the rising debt burden. The United States’ national debt currently exceeds $37 trillion and continues to rise. Meanwhile, Lummis has been a long-time Bitcoin advocate, repeatedly framing the asset as a modern hedge akin to gold or oil capable of securing long-term fiscal stability. Earlier this year, Lummis and Congressman Nick Begich introduced the BITCOIN Act of 2025, which outlines a national cryptocurrency strategy and includes provisions to establish a government-controlled Bitcoin reserve. The…

Salman Khan summoned by Consumer Court for alleged misleading ‘Pan Masala’ ads

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  • 2025 年 11 月 4 日
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Salman Khan is in the eye of a legal storm after a consumer court issued a notice to him in connection with allegedly misleading advertisements for a pan masala brand. A complaint filed by senior BJP leader and Rajasthan High Court advocate Inder Mohan Singh Honey accused the actor and the company behind the product of deceptively promoting the product as “saffron-infused cardamom” and “saffron-infused pan masala.” Honey pointed out that saffron costs about Rs. 4 lakh per kilogram and contended it “cannot be an ingredient in a product priced at Rs. 5.”Honey further remarked, “Salman Khan is a role model for many people. We have filed a complaint against it in the Kota Consumer Court, and notices have been issued for a hearing. Celebrities or film stars in other countries don’t even promote cold drinks, but they are promoting tobacco and pan masala. I urge them not to spread the wrong message to the youth, as pan masala is one of the leading causes of mouth cancer.”Following the filing of the complaint, the Kota Consumer Court has formally issued notices to the actor and the manufacturing company, requesting their responses ahead of the next hearing scheduled for November 27. It’s worth noting that while Salman Khan has appeared in advertisements for the brand’s elaichi (cardamom) product, he has not featured in ads for the pan masala product itself. The firm in question is the manufacturer of both elaichi and pan masala under the brand name. As of now, no reply has been publicly confirmed from Khan’s side or the company regarding the notice. The coming hearing will reveal whether the court deems the promotional claims unfair to consumers and whether the actor’s involvement will have further legal implications. Also Read : Salman Khan to play Chhatrapati Shivaji Maharaj’s right hand Jeeva Mahala in Riteish Deshmukh’s Raja Shivaji.

Toncoin Falls Below $2 as Broader Market Conditions Weigh on Price

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  • 2025 年 11 月 4 日
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The post Toncoin Falls Below $2 as Broader Market Conditions Weigh com. TON$1. 9361 fell sharply over the last 24-hour period, breaking below the key $2 level amid a broader crypto market downturn that saw the CoinDesk 20 (CD20) index retreat 2. 57%. The token dropped 5. 5% to $1. 97, with volume surging 89% above daily averages. Traders pushed TON through several support zones before it found footing near $1. 92, according to CoinDesk Research’s technical analysis data model. The price action came during a broader downturn in crypto markets. Bitcoin BTC$101, 825. 28 dropped below $102, 800, its lowest level since June, as over $1. 4 billion in long positions were liquidated across the market, according to CoinGlass, intensifying downward pressure. The drop triggered a spike in intraday volatility, with the price swinging across an 11. 8% range. TON subsequently showed signs of stabilizing with the price pushed back toward $1. 99 on elevated volume. That V-shaped recovery, while modest, suggests interest may still be intact, though the token has since slumped to $1. 97. Traders are now watching the $2 level closely. A sustained move back above that line could shift momentum, but pressure remains high with scrutiny on major TON holders. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. Source:.

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