Bitcoin as U.S. strategic reserve? Here’s how it will impact BTC market

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U.S Senator reportedly planning to introduce a Bitcoin strategic reserve legislation that seeks to allow the Federal Reserve to hold Bitcoin

What would it take for the U.S central bank to adopt Bitcoin? A Bitcoin strategic reserve is reportedly in the pipeline.strategic reserve rumors has been making rounds on the internet in the last few weeks. Now, new information suggests that it might soon become a reality, courtesy of U.S. Senator Cynthia Lummis.have revealed that the Wyoming senator plans to propose a Bitcoin strategic reserve legislation.

Lummis reportedly will be in attendance at the Bitcoin 2024 conference. She is expected to make the announcement just before Trump’s speech.The U.S already holds roughly 200,000 Bitcoins through the Justice department. Mostly confiscated from illicit activity.

 

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