Cynthia Lummis Says US Military Leaders Support Bitcoin Reserve

U.S. Senator Cynthia Lummis has said that American army generals are “massive supporters” of a strategic Bitcoin reserve.

The Wyoming lawmaker made the remarks earlier this week whereas addressing attendees on the Bitcoin 2025 convention in Las Vegas.

Financial Energy and Safety

In keeping with Lummis, she has spoken to generals who perceive that financial energy is simply as necessary as army energy when coping with aggressors around the globe. She defined that for this reason they strongly assist the proposal.

Throughout her speech, the Republican politician additionally revealed that President Donald Trump is supportive of her Strategic Bitcoin Reserve Act. The announcement follows the March 11 reintroduction of laws by her and 5 different senators so as to add as much as 1 million BTC to the U.S. Treasury over 5 years.

Referring to the flagship cryptocurrency as “digital gold,” Lummis known as for the U.S. to match its gold holding technique for the proposal. “We’ve about 5% of the world’s gold in the USA in reserve. We have to have a minimum of 5% of the world’s Bitcoin in reserve,” she mentioned.

The senator additionally linked the proposal to U.S. power and industrial technique. She credited China’s 2021 Bitcoin mining ban for shifting operations to North America and highlighted President Trump’s current remarks urging the nation to mix each. Nevertheless, she believes {that a} nationwide Bitcoin stockpile is the final word manner of securing geopolitical benefit.

State-Degree and International Initiatives

The 70-year-old pointed to rising assist for BTC reserves on the state degree, claiming they’ve all the time been the “incubators of innovation,” with the USA main by way of them. She emphasised that 30 American states are contemplating the initiative this yr.

Particularly, Lummis highlighted that Arizona, Texas, and New Hampshire have already superior laws in 2025 geared toward holding the cryptocurrency as a strategic asset.

New Hampshire just lately passed Home Invoice 302, permitting it to allocate 5% of funds in BTC for diversification. Arizona’s Home Invoice 2749 has additionally established a stockpile funded by way of unclaimed property and staking rewards as an alternative of direct state funding. In the meantime, Texas is advancing Senate Invoice 21, which proposes a state-managed BTC reserve saved in chilly storage for safety.

Lummis additionally famous how the motion is going on globally. For instance, the United Arab Emirates is getting publicity to Bitcoin by way of American spot BTC exchange-traded funds (ETFs).

One other initiative talked about includes the Czech Republic, which is exploring the best way to embody the digital asset in its diversified asset allocation by way of its central financial institution.