Federal Reserve should buy bitcoin, says US senator Cynthia Lummis - BitcoinEthereumNews.com
Bitcoinअमेरिकी सीनेटर सिंथिया लुमिस का कहना है कि फेडरल रिजर्व को बिटकॉइन खरीदना चाहिए02 / 18 / 2022बिटकॉइन एथेरियम समाचार Cynthia Lummis, US Senator from the Wyoming state, has suggested that the Federal Reserve should hold bitcoin on its balance sheet. Speaking on a panel hosted by the Orrin G. Hatch Foundation on Thursday, Lummis said, “I think its a great idea to be honest” for the Fed to buy bitcoin as it holds over $40 billion in foreign currency reserves. Lummis was replying to a question by the panel moderator Matt Sandgren, executive director of the Hatch Foundation, who hosted the panel on the future of the crypto economy. “Once there is a statutory and regulatory framework, that will make a lot of sense,” said Lummis. “The fact that [bitcoin] is completely decentralized, is going to make it over time more ubiquitous, and I think its going to be something that the Fed should hold on its balance sheet.” Randal Quarles, former vice chairman for supervision at the Fed, was also present on the panel, but he doesnt think that the central bank will add bitcoin to its balance sheet anytime soon. “For a lot of political, economic reasons, I think that it‘s best