Senator Cynthia Lummis, Republican of Wyoming and an ally of Donald Trump in the Senate, said the strategic bitcoin reserve proposed by the president-elect could be filled without increasing the government deficit: selling some of the Federal Reserve's gold to buy bitcoin.
Cynthia Lummis plans to push a bill to do just that when the new Congress takes office next year. The bill would require the U.S. to buy 1 million bitcoins, which would cost about $90 billion at current market prices, but could increase if the bill passes and investors buy before the government gets in.
Republican Senator Cynthia Lummis proposes selling some of the Federal Reserve's gold to buy bitcoin
2024-11-14 19:02:37
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