#Cynthia Lummis

January 10, 2025

Fed Slams Bitcoin Reserve as “Dumbest Idea,” Yet Political Backing Surges

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Fed Calls Bitcoin Reserve Plan “Dumbest Idea Ever,” Yet Political Support Grows Last week, in a Federal Reserve boardroom, the notion of a US Strategic Bitcoin Reserve was met with sharp criticism, with officials branding it “the dumbest idea” they’ve ever heard. However, political momentum behind the idea continues to build, with figures like

#Federal Reserve #Cynthia Lummis #Bitcoin Reserve #Donald Trump

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December 25, 2024

Could Trump Bypass the Fed to Establish a U.S. Bitcoin Reserve?

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As Bitcoin faces skepticism from the Federal Reserve, could a bold move from Donald Trump change the narrative? Federal Reserve Chairman Jerome Powell remains resolute in his stance, declaring that “The Fed is not the place for Bitcoin.” His blunt remarks sent Bitcoin’s market value plummeting by 7.5%, rattling investors and casting doubt on the […]

#Federal Reserve #Cynthia Lummis #Donald Trump #Bitcoin Strategic Reserve

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