Elon Musk Wonders If US Gold Reserves Are Regularly Audited—Cynthia Lummis Tells DOGE Lead It’s Time To Add Bitcoin For Transparency

Senator Cynthia Lummis (R-WY) suggested adding Bitcoin (CRYPTO: BTC) to the U.S. reserves on Sunday, highlighting the transparency and accessibility of the blockchain network

What Happened: Lummis posted her proposal in response to concerns shared by Elon Musk, the lead of the Department of Government Efficiency, over auditing of the U.S.’s gold reserves.

The senator emphasized the ease of auditing Bitcoin reserves, which can be done anytime using a basic computer. “It’s time to upgrade our reserves,” the long-standing Bitcoin advocate said.

Full story available on Benzinga.com