Senator Lummis Hails Donald Trump for Supporting US Bitcoin Reserve

Senator Cynthia Lummis (R-WY) is doubling down on her support for Bitcoin as a critical solution to the United States’ ballooning $36 trillion debt. In a recent social media post, Lummis promoted the BITCOIN Act, a new piece of legislation that aims to create a federal Bitcoin reserve.

“I’m particularly pleased with President Trump’s support of my Strategic Bitcoin Reserve initiative, which will address our national debt while securing America’s position as the global leader in financial innovation,” said Lummis in a video shared on X.

Strategic Reserve Plan Introduced at Bitcoin Summit

Lummis introduced the bill alongside Congressman Nick Begich (R-AK) during the Bitcoin for America Summit in March. The legislation calls for the establishment of a Strategic Bitcoin Reserve, positioning the U.S. to become a global leader in blockchain innovation and digital assets.

The plan is rooted in the belief that large-scale Bitcoin adoption will transform not just the financial system, but also how value is stored and transmitted globally.

“Everyday Workers in Control of Their Money”

Senator Lummis emphasized the societal benefits of a Bitcoin-based economy, stating, “Large-scale adoption of Bitcoin would be transformative and put the everyday worker all over the world in control of their money.”

“As Bitcoin comes into more usage, its use makes the whole system more secure, more robust, and more capable of serving our needs all over the world,” she added. Lummis has long advocated for regulatory clarity and financial freedom through decentralized technologies.

Trump’s Crypto Pivot: From Skeptic to Supporter

President Donald Trump has fully embraced a pro-crypto stance since his return to office. In March, he signed an executive order calling for the creation of both a Strategic Bitcoin Reserve and a digital asset stockpile, aligning his administration with crypto-forward policies.

“I am very positive and open-minded to cryptocurrency companies, and all things related to this new and burgeoning industry,” Trump said at the time. “Our country must be the leader in the field.”

His administration is reportedly working on a regulatory framework designed to support cryptocurrency innovation while protecting consumer interests.

A Digital Asset Arms Race?

As the global financial system evolves, the push to adopt Bitcoin at the federal level could signal the beginning of a broader digital asset strategy. The Strategic Bitcoin Reserve would act as both a hedge against inflation and a tool for modernizing monetary policy.

Supporters argue that this move could help future-proof the U.S. economy, especially as nations like China and El Salvador pursue digital currency initiatives of their own.

Bitcoin Nears $100K as Momentum Builds

Bitcoin continues to surge in value, hovering around $97,000 as of Friday. The rising price, combined with political endorsements and legislative backing, suggests growing mainstream acceptance of the world’s largest cryptocurrency.

Whether the BITCOIN Act passes or not, it marks a significant shift in how U.S. lawmakers and political leaders are approaching the future of finance.

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