cryptofamily

A committee on cryptocurrencies will be created in the US Senate, which will be headed by the author of the bill on the state reserve of bitcoins.

The U.S. Senate Banking Committee is preparing to announce the creation of its first-ever subcommittee on digital assets, FOX Business reports. 

Senator Cynthia Lummis is expected to be appointed Chairman of the group. She, like other alleged members of the new working group, is known for her pro-crypto views and the development of a law on the national bitcoin reserve called the Bitcoin Act.

According to her bill, the US Federal Reserve will have to buy bitcoin and hold it as a reserve asset, like gold or foreign currencies. It is assumed that the government will buy up to 200 thousand bitcoins per year for 5 years in order to accumulate 1 million bitcoins. According to Lammis, this, among other things, can help reduce the US national debt by half by 2045