According to Bloomberg, U.S. Senator Cynthia Lummis is promoting a new proposal that suggests the Federal Reserve sell part of its gold reserves and use the proceeds to purchase Bitcoin. Lummis is a well-known Bitcoin advocate in the U.S. Congress, and this move is seen as her latest attempt to promote the development of digital assets. Lummis stated, "While gold is a traditional safe-haven asset, Bitcoin, as digital gold, is attracting more and more investors due to its growth potential and security."