In an interview with Bitcoin commentator Natalie Brunell, Senator Cynthia Lummis (R-WY) reaffirmed her dedication to establishing a US Strategic Bitcoin Reserve (SBR), disclosing that the Treasury Division is probing its authorized authority to buy and custody BTC on behalf of the federal authorities. The senator believes such a transfer may considerably cut back the nationwide debt over the long run.
Senator Lummis Pushes Bitcoin Reserve
Lummis pointed to roughly 200,000 BTC within the US Marshals Service’s asset forfeiture program as a attainable start line: “Working with Treasury, and the Treasury Secretary, we’re looking for out which property amongst these may turn into the idea of the primary 12 months’s funding in a strategic Bitcoin reserve.”
Additional clarifying her stance, the senator famous she is figuring out whether or not a brand new regulation is required or if the administration already has the authority: “What I’m attempting to determine proper now’s whether or not it must be carried out legislatively or whether or not the Treasury Secretary has the authority to do it proper now.”
Lummis proposes changing the seized BTC into an official “base funding,” which she says could be the inspiration of a bigger BTC reserve. If profitable, this is able to mark the primary time the US authorities intentionally and brazenly amassed Bitcoin as a strategic asset.
One in all Lummis’ fundamental arguments for a SBR is its capability to trim the federal debt, which she deems “irresponsibly excessive.” Beneath her Bitcoin Act, the US may additionally revalue its gold certificates—presently listed at a decades-old official worth of $42 per ounce, far beneath market worth—and deploy the distinction towards buying BTC in a budget neutral way:
“My laws would supply that we may take our gold certificates… deliver them as much as present honest market worth for gold after which use that to purchase Bitcoin, thereby making a 1 million Bitcoin reserve over 5 years.”
She contends that holding this million BTC over a 20-year horizon may “lower the present nationwide debt in half.” Citing in depth modeling—some from advocates like Michael Saylor—she believes the worth appreciation of BTC has the potential to ship vital positive factors to taxpayers.
New Episode Out Now! 🇺🇸
U.S. Senator Cynthia Lummis is main the Bitcoin Revolution in Washington.
Her daring plans for America by way of Bitcoin & digital asset coverage promise to reshape the monetary system—cut back U.S. debt, defend Bitcoin self-custody, and reinforce greenback… pic.twitter.com/G1Rvl1ORDb
— Natalie Brunell ⚡️ (@natbrunell) April 1, 2025
The senator lauded President Trump’s current govt orders that purpose to make the USA “the digital asset capital of the world” by fostering a positive surroundings for BTC mining, regulatory readability, and a strategic reserve. Based on Lummis, these strikes stand in stark distinction to prior administrations, the place “folks neither knew nor wished to speak about digital property.”
Nevertheless, Lummis additionally underscored the necessity for bipartisan collaboration, suggesting that whereas Bitcoin has now garnered curiosity in Republican circles, it mustn’t turn into a strictly partisan endeavor: “We need to hold that momentum… We labored extraordinarily laborious to maintain it bipartisan, so I can’t flip my mind and begin to consider it as a partisan situation.”
At press time, BTC traded at $84,202.
Featured picture from YouTube, chart from TradingView.com
Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent assessment by our staff of high expertise consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
