Reported 3 months ago
Senator Cynthia Lummis is proposing legislation to designate Bitcoin as a strategic reserve asset for the Federal Reserve, aligning it with traditional assets like gold. This move is part of a broader effort to stabilize the U.S. dollar and reflect the growing mainstream status of Bitcoin, also echoed by presidential candidate Robert F. Kennedy Jr. during his campaign advocating for cryptocurrencies. The Bitcoin Conference has showcased these developments, with political figures like Kamala Harris engaging with crypto supporters, further emphasizing the relevance of Bitcoin in the upcoming 2024 Presidential election.
Source: YAHOO