U.S. Senator Cynthia Loomis proposes allowing the Federal Reserve to hold Bitcoin
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2024-12-23 03:32 4,315
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Golden Finance reported that U.S. Senator Cynthia Loomis of Wyoming recently mentioned the possibility of turning Bitcoin into a reserve asset and proposed how to implement the plan, including involving the Federal Reserve.
Loomis said she wants to give the Federal Reserve the ability to buy and hold BTC as part of a larger strategic Bitcoin reserve plan to deal with the national debt problem. I want to give it to them. I wish our federal government had a strategic Bitcoin reserve to help support the U.S. dollar as the world’s reserve currency.