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Bitcoin as strategic reserve asset? Senator Lummis is working on a bill to make it official
Amid speculation that Presidential candidate Donald Trump could propose making Bitcoin (BTC) a strategic reserve asset at the upcoming Bitcoin 2024 Conference, Senator Cynthia Lummis (R-WY) appears to have taken steps to make it a reality. Sources close to the lawmaker saying she plans to introduce legislation that would require the Federal Reserve to hold some Bitcoin for that specific purpose. Fox Business was the first to report on the story, with three crypto executives with knowledge of the bill telling the outlet that Lummis has quietly been crafting the legislation and hopes to announce her intentions on ... (full story)