U.S. Senator Cynthia Lummis proposes to allow the Federal Reserve to hold Bitcoin
The U.S. Senator from Wyoming, Cynthia Lummis, recently mentioned the possibility of converting Bitcoin into a reserve asset and proposed how to implement this plan, including involving the Federal Reserve.
Lummis stated that she hopes to give the Fed the ability to purchase and hold BTC as part of a larger strategic Bitcoin reserve plan to address national debt issues. I want to hand it over to them. I hope our federal government has a strategic Bitcoin reserve to help support the dollar as a world reserve currency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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