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Bitcoin, Cynthia Lummis and Federal Reserve
Senator Lummis proposes swapping Federal Reserve’s gold for Bitcoin reserves
Senator Cynthia Lummis has a plan. In a sweeping move that would upend the U.S. financial status quo, the Wyoming Republican wants the Federal Reserve to trade part of its gold stash for Bitcoin. That’s right — ditch gold,
Trump’s Ally Lummis Pushes to Sell Some of the Fed’s Gold to Buy Bitcoin
An ally of Donald Trump in the US Senate has a plan for filling up the president-elect’s proposed strategic Bitcoin stockpile without adding to the government deficit: Sell off some of the Federal Reserve’s gold.
Senator Lummis Advocates Selling Gold for a U.S. Strategic Bitcoin Reserve
Despite support from Trump and potential market enthusiasm, Lummis' plan faces resistance in Congress and concerns over Bitcoin's volatility. If successful, the initiative could drive global Bitcoin adoption and raise its price significantly.
Cowboy State Daily
2d
Lummis Uncommitted For Senate Majority Leader, Calls Report She's Backing Thune "Fake News"
With the U.S. Senate leadership elections coming up Wednesday, Wyoming Sen. Cynthia Lummis says she’s uncommitted on who ...
36m
on MSN
Bitcoin Is Like Gunpowder And That Is Why Sovereign States Can't Refuse Its Adoption, Says Crypto Analyst
In a unique perspective, a cryptocurrency analyst equated Bitcoin (CRYPTO: BTC) to gunpowder, arguing that sooner or later ...
JD Supra
2d
Senator Lummis B.I.T.C.O.I.N. Act Receives Fresh Interest in Election’s Wake
This year has proven to be a pivotal one for the Bitcoin industry. Out of the gate, the Securities and Exchange Commission took the dramatic step ...
10h
on MSN
U.S. Bitcoin reserve plan could ignite global crypto arms race
The U.S. government’s potential Bitcoin acquisitions might trigger worldwide demand and drive prices sky-high.
Jewish Insider
57m
Senate Republicans question Department of Education Middle East studies grants
A recent report highlighted by Sens. Blackburn and Lummis alleged that anti-Israel professors had received federal grant funding for Middle East studies ...
CoinDesk on MSN
11h
Strategic Bitcoin Reserve Has Precedent in Other Big U.S. Government Purchases: Michael Saylor
The Trump administration understands it, I think Senator Lummis understands it … that’s why it will happen,” Saylor said ...
3d
The U.S. Government Is One Step Closer To Holding 1 Million Bitcoins
Senator Lummis' BITCOIN Act mandates that the U.S. hold 1 million bitcoin within the next four years, and is likely to come ...
1d
on MSN
Sen. Warren to be top Democrat on committee crucial for crypto policy
Massachusetts Senator Elizabeth Warren, who won reelection in a race against Republican John Deaton, will be the leading ...
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Bitcoin
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Federal Reserve System
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