U.S. Senator Cynthia Lummis advocates for a $90 billion Bitcoin reserve for Fed, which aligned with Trump's pro-crypto strategy.
Trump’s pro-crypto policies, including rumored capital gains tax elimination, could accelerate Bitcoin adoption.
Adding to this momentum, Senator Cynthia Lummis has proposed an ambitious bill calling for the U.S. government to sell a portion of its gold reserves to fund the purchase of 1 million Lummis believes that Bitcoin offers unparalleled advantages as a reserve asset compared to traditional holdings like gold. By leveraging Bitcoin’s decentralized and deflationary nature, Lummis argues, the U.S. could strengthen its financial position.
This tax relief could align perfectly with Senator Lummis’s Fed Bitcoin proposal, as it would encourage broader adoption and elevate Bitcoin’s status as a legitimate financial asset.
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