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Cynthia Lummis advocates for the Fed to hold Bitcoin in reserves

Senator Cynthia Lummis proposes that Congress permit the Fed to acquire 200,000 Bitcoin annually for five years, totaling 1 million Bitcoin held for at least 20 years.

This strategy could result in a Bitcoin reserve valued at 16,000 trillion USD, significantly bolstering the stability of the U.S. Dollar amid rising national debt.

Changes to legal regulations are necessary for the Fed to hold Bitcoin, with Lummis arguing that it could serve as a reliable safeguard against inflation.

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