U.S. Strategic Bitcoin Reserve to Be Funded Partly by Revaluing Fed's Gold, Draft Bill Shows
Briefly

from Coindesk6 months ago
U.S. Senator Cynthia Lummis plans a Strategic Bitcoin Reserve financed by revaluing Federal Reserve's gold certificates to buy 200,000 BTC yearly for 5 years.
Coindeskhttps://www.coindesk.com/policy/2024/07/30/us-strategic-bitcoin-reserve-to-be-funded-partly-by-revaluing-feds-gold-draft-bill-shows/
The Treasury secretary under the 'Bitcoin Act of 2024' would establish decentralized Bitcoin storage facilities and a Purchase Program of 1 million BTC funded by Federal Reserve earnings.
Coindeskhttps://www.coindesk.com/policy/2024/07/30/us-strategic-bitcoin-reserve-to-be-funded-partly-by-revaluing-feds-gold-draft-bill-shows/
Read at Coindesk
#senator-cynthia-lummis #bitcoin-purchase-program #federal-reserve #strategic-bitcoin-reserve
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