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U.S. Strategic Bitcoin Reserve to Be Funded Partly by Revaluing Fed's Gold, Draft Bill Shows

The office of Senator Cynthia Lummis, who proposed the strategic reserve at the Bitcoin Nashville conference on Saturday, shared a draft of the legislation with CoinDesk.

U.S. Senator Cynthia Lummis, a Wyoming Republican, with a copy of her bitcoin reserve bill at the Bitcoin Nashville conference on Saturday, July 27. (Danny Nelson/CoinDesk)
U.S. Senator Cynthia Lummis, a Wyoming Republican, with a copy of her bitcoin reserve bill at the Bitcoin Nashville conference on Saturday, July 27. (Danny Nelson/CoinDesk)