Bitcoin Out, Gold In: Senator’s Bold Proposal To Replenish US Reserves

Quick Summary:

US Senator Cynthia Lummis of Wyoming is doubling down on her efforts to legitimize Bitcoin and possibly add this digital asset to the country’s reserves.

To ensure fairness and transparency, the government shall implement a Proof of Reserve System, where the government will publish audited quarterly reports.

By pursuing a Bitcoin policy, the Federal Reserve can also benefit from higher returns.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: Hungary

Topics: Bitcoin BTC reserve Lummis Gold Crypto Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-24 @ 16:00:07 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 482 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23800726

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 9 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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