Wyoming Senator: “Federal reserve should add Bitcoin to its balance sheet in the future”

Wyoming Senator Cynthia Lummis thinks the Federal Reserve should add Bitcoin (BTC) to its balance sheet once the top crypto asset becomes more regulated.

Lummis spoke this week at a webinar hosted by the Orrin G. Hatch Foundation and was asked about the idea of the Fed purchasing BTC.

“I think it’s a great idea, to be honest, and I think that once there is a statutory and regulatory framework, that will make a lot of sense. The fact that it is completely decentralized is going to make it over time more ubiquitous, and I think it’s going to be something that the Fed should hold on its balance sheet.”

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