U.S. Senator Cynthia Lummis has expressed her desire to expand the capabilities of the Federal Reserve by allowing it to purchase and hold bitcoin among its reserve assets. In doing so, she suggests that the United States’ massive debt could potentially be paid off using a strategic bitcoin reserve, which is outlined in her proposal known as the BITCOIN Act. This innovative idea aims to integrate digital currency into the nation’s financial framework for the first time ever. It remains to be seen how this proposal will evolve and whether it will eventually become law. But one thing is certain – with influential figures like Senator Lummis championing this cause, cryptocurrencies are moving closer to mainstream acceptance than ever before.
Source
Source: news.bitcoin.com
