U.S. Senator Cynthia Loomis introduced a program to create a strategic reserve of bitcoins in the United States.
The plan involves buying 200,000 BTC a year for five years or a total of 1 million BTC and storing it for at least 20 years.
Gold for bitcoin: Lummis pushes ambitious crypto bill
Senator Loomis advocates, for the bold plan, to swap a portion of US gold reserves for bitcoins, creating a strategic crypto reserve.
With an estimated price tag of $90 billion, the proposal has faced skepticism in Congress but signals a growing government interest in digital assets.