Sen. Cynthia Lummis says a Strategic Bitcoin Reserve can help tackle the US’ swelling debt load, calling it the only path that meaningfully offsets the burden.
She praised President Trump and his team for embracing the idea and said she is eager to see it through to the finish line.
In remarks this week, Lummis said she believes the reserve would grow in value over time and act as a balance sheet counterweight.
She added that the administration is considering structures beyond revaluing gold certificates and swapping them for Bitcoin, noting that the Treasury and the White House are reviewing options.
Officials Reviewing Alternatives to Gold Revaluation for Bitcoin Reserve Setup: Lummis
In a recent Bloomberg interview, Lummis said officials are exploring ways to establish a reserve without relying solely on gold revaluation.
She said Treasury Secretary Scott Bessent and White House staff are working through those details and that she welcomes their support for a strategic reserve built around Bitcoin.
The senator has signaled urgency. Last month, she said the buying framework for a reserve could begin at any time and credited President Trump for creating the conditions to move quickly. She described the legislative process as slow, but said the funding mechanism does not have to wait.
No New Spending Planned as Bitcoin Reserve to Draw From Seized Assets
Questions remain about financing. Lummis has not outlined a comprehensive plan for how the government would capitalize the reserve. However, the administration’s March fact sheet said the reserve would start with Bitcoin already controlled by the Treasury through criminal or civil forfeitures.
That base has since grown substantially. Following the record-breaking forfeiture of nearly 130,000 BTC tied to criminal cases, US Bitcoin reserves have climbed to over $34b at current prices, giving the government one of the largest known sovereign holdings globally.
The fact sheet also said additional Bitcoin could be added through budget-neutral strategies that avoid new taxpayer costs. That approach aligns with guidance from the Treasury in August, when Secretary Bessent said the government would not purchase Bitcoin outright for the reserve and would instead rely on confiscated assets as the initial store of value.
Lummis endorsed that view at the time, calling a budget-neutral path the right way forward. She also suggested that revaluing the nation’s gold holdings to current market prices and transferring the uplift could help build the reserve.
Policy Momentum Builds as Washington Weighs Bitcoin’s Role in National Strategy
Momentum has grown in policy circles since March, when President Trump signed an executive order to establish the reserve. The directive sparked speculation that government wallets could begin to accumulate Bitcoin more visibly in the months ahead.
Market strategists see a policy arc forming. Galaxy Digital’s head of research Alex Thorn said the US could formalize the reserve framework before the end of 2025, pointing to broader bipartisan recognition of Bitcoin as both a store of value and a financial asset.
Supporters argue a reserve could diversify sovereign assets and provide an inflation-resilient buffer. Critics will want clearer guardrails, including custody, transparency and rules for drawdowns, before any large-scale accumulation proceeds.
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