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U.S. Senator Cynthia Loomis proposes allowing the Federal Reserve to hold Bitcoin

Internet reports that U.S. Senator Cynthia Loomis of Wyoming recently mentioned the possibility of turning Bitcoin into a reserve asset and proposed how to implement the plan, including involving the Federal Reserve. Loomis said she wants to give the Federal Reserve the ability to buy and hold BTC as part of a larger strategic bitcoin reserve program to deal with national debt problems. I want to give it to them. I want our federal government to have a strategic Bitcoin reserve to help support the U.S. dollar as the world's reserve currency.

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