According to Odaily, Senator Mike Lee has proposed a bill to abolish the Federal Reserve. This information was initially disclosed on platform X, as reported by Bitcoin Magazine. The details of the proposed legislation are yet to be revealed. The Federal Reserve, the central banking system of the United States, has been a subject of debate and criticism for its role in the country's economic policy. The proposal by Senator Lee marks a significant development in this ongoing discussion. Further information about the proposed bill and its potential implications will be reported as it becomes available.