The post Senator Lummis Has Highlighted a Pathway to Build America’s Bitcoin Reserve appeared on BitcoinEthereumNews.com.

In a recent Bloomberg interview on June 3, Senator Cynthia Lummis highlighted a potential pathway for the United States to build a strategic Bitcoin reserve.  Lummis emphasized the potential role of Bitcoin in reducing national debt, proposing a long-term strategy to secure one million Bitcoins, roughly 5% of the total Bitcoin supply.  Her vision revolves around using existing resources, specifically those held by the U.S. Marshals Service, to establish the reserve. Using U.S. Marshals Service Funds to Start the Reserve Senator Lummis outlined that the U.S. Marshals Service holds asset forfeiture funds, some of which are in the form of digital assets. She proposed that these assets could serve as the foundation for a strategic Bitcoin reserve in the first year.  Lummis pointed out that the government already has the authority to take action without needing new legislation. However, she noted that a legislative framework would be necessary in the future to ensure the Bitcoin reserve remains secure from future political changes. Meanwhile, Lummis made it clear that the reserve should be exclusively focused on Bitcoin due to its unique characteristics. She explained that Bitcoin is based on proof-of-work mining, distinguishing it from other digital assets. This makes it a more stable and trustworthy option for a national reserve compared to other cryptocurrencies. A Long-Term Strategy to Address U.S. Debt Lummis’ plan focuses on securing 1 million Bitcoin over the next two decades, with the aim of holding it for 20 years. She mentioned that the value of Bitcoin would likely increase significantly in the coming years, making it a valuable asset for the country.  According to her model, a Bitcoin reserve could potentially reduce half of the U.S. national debt. This strategy would align with the country’s long-term financial goals, given Bitcoin’s expected appreciation over time. In her remarks,…

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Filed under: News - @ June 6, 2025 5:32 pm