TechFlow news, on November 15, according to Jinshi Data, an ally of President-elect Trump in the U.S. Senate has devised a plan to fund Trump's proposed strategic bitcoin reserve without increasing the government deficit—by selling part of the Federal Reserve's gold holdings. Senator Cynthia Lummis, a Republican from Wyoming, plans to push forward a bill when the new Congress convenes next year. The bill would require the United States to purchase 1 million bitcoins, nearly 5% of all outstanding tokens. At current market prices, this acquisition would cost approximately $90 billion, though the amount could rise if the bill passes and investors move ahead of the government's purchases.
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