CoinScoopUS Congress to vote on American Reserve Modernization Act featuring Bitcoin reserve proposal
A proposal originally submitted by João Paulo Mayall to the US Treasury Secretary, which suggests revaluing gold reserves at market price to fund Bitcoin purchases without issuing new debt, has been incorporated into the American Reserve Modernization Act (H.R. 8957). The bill is scheduled for a markup session in the House Financial Services Committee this Wednesday.
Summaries are written by AI from the original article. Not investment advice.