According to Bloomberg, pro-cryptocurrency Wyoming Senator Cynthia Lummis is planning a bill that would sell off some of the Federal Reserve's (Fed) gold holdings and purchase 1 million BTC as a strategic asset. The bill would see the U.S. government acquire 1 million BTC, about 5% of the total supply of Bitcoin. Cynthia Loomis plans to push the bill once the new Congress is seated next year. In July, she attended the Bitcoin 2024 conference and said she would push for legislation to purchase 1 million BTC over five years.

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