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Senator Lummis proposes Fed Bitcoin reserve, funding plan with sale of gold Ambcrypto 15 Nov 2024

Senator Lummis proposes Fed Bitcoin reserve, funding plan with sale of gold 💰

Senator Lummis has proposed the idea of creating a Bitcoin reserve for the Federal Reserve, which would be funded by selling off some of the country's gold reserves. This aligns with policies that are supportive of cryptocurrency, as advocated by former President Donald Trump.

The proposal indicates a significant shift in financial strategy, showcasing increased acceptance and integration of cryptocurrency within governmental frameworks. Lummis's plan aims to modernize financial reserves with Bitcoin, reflecting the growing influence and trust in digital currencies.

Source: ambcrypto.com ↗

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