Trump allies propose to sell some of the Federal Reserve's gold in exchange for 1 million bitcoins

BlockBeats News: On November 15th, an ally of US President elect Trump in the US Senate formulated a plan aimed at filling Trump's proposed strategic Bitcoin inventory without increasing the government deficit by selling off some of the Federal Reserve's gold. Wyoming Republican Senator Cynthia Lummis plans to push for a bill when the new Congress takes office next year. The bill requires the United States to purchase 1 million bitcoins, accounting for nearly 5% of outstanding tokens. Based on current market prices, this acquisition will cost approximately $90 billion, but if the bill is passed and investors act before the government makes a purchase, the amount required for the acquisition may increase. (Golden Ten)