Fed Calls Bitcoin Reserve Plan “Dumbest Idea Ever,” Yet Political Support Grows

Last week, in a Federal Reserve boardroom, the notion of a US Strategic Bitcoin Reserve was met with sharp criticism, with officials branding it “the dumbest idea” they’ve ever heard. However, political momentum behind the idea continues to build, with figures like Crypto.com Expands to TradFi: Stocks, ETFs, and Bitcoin Reserve Talks