Wyoming senator plans to require the Federal Reserve to maintain bitcoin as a strategic reserve asset
2024-07-25 12:51:17
Senator Cynthia Lummis of Wyoming plans to announce at the Bitcoin Conference in Nashville a strategic bitcoin reserve legislation that would require the Federal Reserve to keep bitcoin as a strategic reserve asset. Lummis hopes to announce the plan ahead of former President Donald Trump's speech and hopes to gain his support. The legislation aims to include bitcoin in the Federal Reserve's reserves, similar to gold and foreign currencies, to stabilize the value of the dollar.
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