US Senator Cynthia Lummis suggested that the US Federal Reserve should include bitcoin (BTC) on its balance sheet.
Senator Lummis, Hatch Foundation by February 17 held on the future of crypto economy Participated in the panel as a speaker. Panel moderator during his talk Matt Sandgren’on a question of 40 billion dollars over to the foreign exchange reserve owner Fed‘of bitcoin “I honestly think it’s a great idea.” Lummis, who included his statements;
Once there is a legal and regulatory framework, this will make a lot of sense. The fact that Bitcoin is completely decentralized will make it more common over time, and this will require the Fed to include it on its balance sheet.
made statements.
Former vice chair of supervision at the Fed, who was on the panel Randal QuarlesHe said that it would be best for the Fed to buy bitcoin to protect its balance sheet, but for many political and economic reasons, he doesn’t think it will happen anytime soon.
In the panel, he talked about how he met bitcoin and his son-in-law taught him how to buy bitcoins. lummisbitcoin a store of value He said he saw it as
Bitcoin is digital gold and solid money. Only 21 million will be produced.
Lummis also traditional banks finally bitcoin and other digital assets integrate it into your offers. and crypto sections believes he will.
December Lummis, who quietly presented a cryptocurrency bill to the council in May, added that the revised bill, after feedback, is currently in the legislative council and should be made public “very soon.”
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