US senator Cynthia Lummis: The Federal Reserve should buy bitcoin (via Yogita_Khatri5)
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.
"For a lot of political, economic reasons, I think that it's best to keep the Fed's balance sheet, which it isn't currently, [but] it needs to move more in that direction — [that is] entirely treasuries," said Quarles. "Bitcoin is digital gold. It's hard money. There will only be 21 million ever produced," she said on the panel.
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