Senator Cynthia Lummis from Wyoming, a Republican and supporter of President-elect Donald Trump, has put forward a proposal aimed at increasing the United States' national strategic reserves of Bitcoin. Her plan involves selling a portion of the Federal Reserve's existing gold holdings.
By reallocating these assets, Lummis believes it is possible to acquire up to one million Bitcoin without incurring additional federal liabilities. This move could significantly bolster the federal Bitcoin reserves, aligning with Lummis's vision of integrating Bitcoin more robustly into national financial strategies.
The proposal highlights a growing interest among certain political figures in leveraging cryptocurrency as a part of national fiscal policy, reflecting a shift in asset management strategies within governmental frameworks.
