U.S. Strategic Bitcoin Reserve to be Funded in Part by Reassessing Fed Gold
According to draft legislation obtained by CoinDesk, Senator Cynthia Lummis (D-CA) has said that the purchase of bitcoin as a new strategic reserve would be funded in part by a revaluation of the Federal Reserve's gold. The plan proposes a "bitcoin purchase programme" of up to 200,000 BTC per year for five years.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Comtel appoints Roberto De Giovanni, Guido Amoruso Manzari to board after resignations
CLARITY Act Update for XRP Army: Senator Lummis Issues Major Warning
India ramps up coal rail shipments as power plant stocks dwindle
Peñoles appoints EY affiliate Mancera as external auditor for FY2026 financial statements
Crypto prices
More
