Renowned economist Peter Schiff, on Monday, questioned the government’s plans to set up a strategic Bitcoin (CRYPTO: BTC) reserve, pointing out the lack of support in Congress.
What Happened: Schiff took to X to comment on the proposed legislation for a national Bitcoin stockpile. He noted that, apart from Senator Cynthia Lummis (R-Wyo.), who introduced the bill, and Rep. Ro Khanna (D-Calif.), the bill has failed to garner any co-sponsors or significant attention among lawmakers.
