Senator Lummis Proposes 1 Million Bitcoin Reserve for US

Senator Cynthia Lummis of Wyoming has unveiled plans to introduce legislation that would establish a strategic Bitcoin reserve for the United States. The proposed bill, referred to as the Bitcoin Act, aims to acquire 1 million Bitcoin over a five-year period. This initiative has garnered support from Donald Trump, who expressed his backing during Senator Lummis's remarks at the Bitcoin 2025 Conference. The strategic reserve would hold at least 5% of the world’s Bitcoin supply, mirroring the nation’s current gold reserve practices.

Senator Lummis underscores the geopolitical advantages of owning a significant portion of global Bitcoin reserves. She emphasizes that other countries are already building their Bitcoin reserves and stresses the importance of the U.S. acting quickly to maintain its global influence. Reports indicate that 30 U.S. states are contemplating similar Bitcoin reserve initiatives.

The proposed legislation has garnered support across various sectors, including certain U.S. military generals who believe a strategic Bitcoin reserve could bolster national economic strength. Senator Lummis further highlighted Bitcoin’s potential to aid in the nation’s transition to more efficient energy consumption and facilitate advancements in artificial intelligence technologies. She referred to Bitcoin as a "digital gold" that could secure the nation’s position in the global digital economy.

The upcoming Senate deliberations are likely to determine whether the United States will take a leading step in integrating Bitcoin into its strategic economic framework. Observers are watching closely as the nation weighs the ramifications of becoming a significant player in Bitcoin reserves on the world stage.