Wyoming Senator Cynthia Lummis plans to introduce a groundbreaking Bitcoin Reserve Bill at the Nashville Bitcoin Conference. According to a FOX Business report, this legislation aims to integrate Bitcoin into the US financial system. The bill proposes that the Federal Reserve hold Bitcoin as a strategic reserve asset, similar to gold.
The proposed Bitcoin Reserve Bill seeks to position Bitcoin within the broader economic fabric of the United States. By having the Federal Reserve hold Bitcoin, it aims to validate and institutionalize the cryptocurrency as a legitimate financial asset.
This move is part of Senator Lummis's ongoing efforts to promote Bitcoin and other cryptocurrencies in the US. It could potentially reshape the regulatory landscape and future of digital currencies in the country.