US Senator Cynthia Lummis has introduced a proposal to purchase one million Bitcoin using the gold reserves held by the Federal Reserve. This initiative is designed as a strategy to prevent further accumulation of the national debt, offering an alternative financial approach.
The proposal aligns with the increasing interest in cryptocurrency as a viable asset class and showcases Lummis’ advocacy for integrating digital currencies into the national financial strategy.
If successful, this move could signal a shift in how national reserves are managed, giving a more prominent role to digital assets.
