Senator Lummis Proposes Bill for Federal Reserve to Hold Bitcoin
In a recent interview with Yahoo Finance, U.S. Senator Cynthia Lummis from Wyoming articulated plans to empower the Federal Reserve to hold Bitcoin as a part of the United States’ official reserves. If enacted, this legislation could significantly affect how Bitcoin is perceived in the financial system. Legalizing Bitcoin holdings for the Federal Reserve could enhance Bitcoin’s legitimacy and further integrate it within mainstream finance. Stakeholders and investors should watch this legislative development closely, as it could open new avenues for cryptocurrency adoption.
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