Senator Lummis Proposes Selling Fed Gold to Fund Bitcoin Reserve. Senator Cynthia Lummis plans to introduce a bill to sell Federal Reserve gold and use the proceeds to buy 1 million Bitcoin, increasing the government’s Bitcoin reserves from 200,000 to 1 million tokens. The Bitcoin would be held for at least 20 years, with expected value growth intended to help lower the national debt. #SenatorLummis #Bitcoin #Gold #Crypto #Reserve