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In an interview with Bitcoin’s commentator, Natalie Brunell, Senator Cynthia Lummis (R-WY) reaffirmed her commitment to establish a strategic bitcoin reserve of the United States (SBR), revealing that the Department of the Treasury is investigating its legal authority to buy and custody BTC in the name of the federal government. The senator believes that such a measure could significantly reduce national long -term debt.
Senator Lummis pushes Bitcoin reserve
Lummis pointed out approximately 200,000 BTC in the Marshals service assets program of the USA.
Clarifying its position even more, the senator said that it is determining whether a new law is required or if the administration already has the authority: “What I am trying to find out at this time is whether it must be legislatively done or if the Treasury Secretary has the authority to do so at this time.”
Lummis proposes to convert the BTC seized in an official “base investment”, which according to her would be the basis of a larger BTC reserve. If it succeeds, this would mark the first time that the United States government accumulated and openly Bitcoin as a strategic asset.
One of Lummis’s main arguments for an SBR is its ability to cut the federal debt, which she considers “irresponsibly high.” According to his Bitcoin Law, the United States could also revalue its gold certificates, which are vigorously traded at an official decades of $ 42 per ounce, well below the market value, and implement the difference to buy BTC in a neutral way in a neutral budget:
“My legislation would provide that we could take our gold certificates … take them to the current fair market value for gold and then use it to buy Bitcoin, thus creating a reserve of 1 million bitcoin for five years.”
She argues that having this million BTC on a 20 -year -old horizon could “reduce current national debt by half.” Citing extensive modeling, some of defenders such as Michael Saylor, believe that the appreciation of the BTC price has the potential to offer significant profits to taxpayers.
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The American senator Cynthia Lummis leads the Bitcoin revolution in Washington.
His bold plans for the United States through Bitcoin and digital asset policy promise to remodel the financial system: reduce the debt of the United States, protect Bitcoin Selfustody and reinforce the dollar … pic.twitter.com/g1rvl1ordb
– Natalie Brunell ⚡️ (@natbrunell) April 1, 2025
The senator praised the recent executive orders of President Trump that aim to turn the United States into “the capital of the digital assets of the world” promoting a favorable environment for BTC mining, regulatory clarity and a strategic reserve. According to Lummis, these movements are in marked contrast to the previous administrations, where “people did not know or wanted to talk about digital assets.”
However, Lummis also stressed the need for bipartisan collaboration, which suggests that, although Bitcoin has now generated interest in Republican circles, I should not become a strictly partisan effort: “We want to maintain that impulse … we work very hard to keep it bipartisan, so I cannot fly my brain and start thinking as a problem of part.” “
At the time of publication, BTC quoted at $ 84,202.
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