Cynthia Lummis: US Treasury Investigates Direct Bitcoin Purchases
In an insightful interview, Senator Cynthia Lummis of Wyoming confirmed that the Treasury Department is actively examining its legal authority to purchase and hold Bitcoin on behalf of the federal government. This reveals an important step towards establishing a United States Strategic Bitcoin Reserve. As regulatory landscape around cryptocurrencies evolves, this move may influence how digital assets are perceived and managed in the financial sector. Monitoring this situation will be crucial for investors who follow institutional crypto adoption closely, as it could set a precedent for future governmental actions.