A Strategic Bitcoin Reserve for the U.S. is being proposed by Wyoming Senator Cynthia Lummis , with Janet Yellen, the Treasury Secretary nominee, expressing skepticism. If implemented, this reserve could bolster Bitcoin's status as a legitimate financial asset and further integrate it into the global economy. In her discussions with Yellen, Senator Lummis emphasized the strategic importance of Bitcoin as a national security measure. She argued that holding Bitcoin as a reserve asset would diversify the nation's assets and protect it against potential economic shocks. Lummis's proposal aims to create a secure and transparent system for managing and valuing Bitcoin reserves. However, Yellen expressed her reservations, citing concerns about Bitcoin's price volatility and its use in illicit activities. She emphasized the need for a thorough understanding of the risks associated with cryptocurrencies before making any policy decisions.

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