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But policymakers could boost confidence in the dollar even further by pairing a strategic bitcoin reserve with a robust strategy to champion US dollar-based stablecoins—digital assets backed 1 ...
To fund the purchase, the government would revalue about $11 billion worth of gold certificates on the Federal Reserve’s balance sheets. Lummis said establishing a bitcoin reserve could help the ...
What would a bitcoin reserve do? In the same week that Trump pledged to create a national stockpile, Wyoming Senator Cynthia Lummis put out the leading blueprint for what one could look like.
Lummis owned at least $230,000 worth of Bitcoin in 2021. [150] In October 2021, CNBC reported that she had violated the Stop Trading on Congressional Knowledge (STOCK) Act of 2012 , a federal transparency and conflict-of-interest law, by failing to disclose within 45 days a purchase of Bitcoin she made in August 2021 worth between $50,001 and ...
Sen. Cynthia Lummis (R–Wyo.) has introduced a bill to make that strategic reserve real, working toward government ownership and stewardship of a million bitcoin—nearly 5 percent of the total ...
The concept of the strategic Bitcoin reserve first broke into the public consciousness in July 2024, during a Bitcoin conference in Nashville, when U.S. Senator Cynthia Lummis (R-Wyoming) outlined ...
Grayscale was founded in 2013, launching a bitcoin trust that year. [4] In 2015, the company became a subsidiary of Digital Currency Group. [5] The same year, Grayscale Bitcoin Trust (OTCQX: GBTC) began trading over-the-counter on the OTCQX market, becoming the first publicly traded bitcoin fund in the United States.
Republican Senator Cynthia Lummis of Wyoming said in an interview with CNBC on Thursday that the Federal Reserve should sell some of its 1970s-era gold reserves to buy bitcoin. Lummis, who has ...