Congress Debates Bill That Would Allow Fed to Hold Bitcoin: Lummis
Speaking in an interview with Yahoo Finance, Senator Cynthia Lummis outlined a plan to allow the Federal Reserve to buy and hold Bitcoin, integrating it as a key asset in the country’s financial strategy. Federal Reserve Chairman Jerome Powell stated at a recent FOMC meeting that the agency currently has no legal authority to own Bitcoin ( BTC ). Lummis aims to change that through new legislation.
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