May 11, 2025

Senator Lummis proposes swapping Federal Reserve’s gold for Bitcoin reserves

1 min read

Senator Cynthia Lummis has a plan. In a sweeping move that would upend the U.S. financial status quo, the Wyoming Republican wants the Federal Reserve to trade part of its gold stash for Bitcoin. That’s right — ditch gold, buy Bitcoin. The idea, which Lummis plans to introduce in Congress next year, would create a

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