U.S. Senator Cynthia Lummis Proposes Strategic Bitcoin Reserve Following Trump's 2024 Election Win"
Wyoming Senator Cynthia Lummis, a well-known bitcoin advocate, has unveiled an ambitious plan to create a "U.S. Strategic Bitcoin Reserve." Following Donald Trump’s victory in the 2024 presidential election, Lummis energized her social media followers with her vision of building America’s bitcoin holdings as a national financial asset. Her announcement, shared on X (formerly Twitter), boldly stated, “The future is ₿right,” hinting at a digital-forward economic vision for the United States.
The proposed reserve will begin with 200,000 bitcoins, with a target of 1 million bitcoins within five years. A significant feature of her plan is its intention to fund the reserve through federal asset conversion rather than tax increases, potentially setting a new precedent in digital asset management at the government level.
Lummis's proposal, known as the "Bitcoin Strategic Reserve Bill," has sparked widespread discussion within the crypto community, with major voices like MicroStrategy founder Michael Saylor advocating for national and even global bitcoin reserves. The bill represents a possible shift in U.S. fiscal policy, viewing bitcoin as a strategic asset that could contribute to economic sovereignty and redefine federal reserves. If implemented, this initiative could mark the start of a digital asset era in government finance, inspiring other nations to consider bitcoin and blockchain technology as tools for financial resilience and growth.
