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
Data: If ETH falls below $2,882, the total long liquidation volume on major CEXs will reach $962 millions.
Musk: Grok is open-source software, anyone can use it for free
150 BTC transferred from an anonymous address to an exchange
Trending news
MoreCrypto prices
More
