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2024-11-23 21:03:45
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crypto.news on Nostr: crypto.news ✍️ Senator Lummis suggests the Federal Reserve sell gold reserves and ...



✍️ Senator Lummis suggests the Federal Reserve sell gold reserves and use the proceeds to buy Bitcoin, which could strengthen the dollar and reduce the country's debt burden.
👉 Lummis suggests the Federal Reserve sell gold reserves and use the proceeds to buy Bitcoin
👉 Creating a strategic reserve of Bitcoin could strengthen the dollar's position as the world's reserve currency
👉 Reducing the country's debt burden
👉 Bitcoin's volatility and association with illicit activities make it a risky reserve asset
👉 Potential members of Trump's crypto advisory board include Ripple, Kraken, and Circle

#CynthiaLummis #AvikRoy #DavidBailey #DonaldTrump #UnitedStates #Dallas #Nashville #politics


Republican Senator Cynthia Lummis says converting gold reserves into Bitcoin could strengthen the U.S. government’s finances. In an interview with CNBC, Lummis suggested that the Federal Reserve sell some of its gold reserves, which were valued at 1970s prices, and…
https://crypto.news/senator-lummis-replenish-bitcoin-reserves-with-gold/

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