Cynthia Lummis pushes U.S. Bitcoin reserve as crypto policy shifts
Cynthia Lummis joins Trump on BTC
The U.S. cryptocurrency landscape is undergoing a seismic transformation as lawmakers and the White House reach consensus on pioneering digital asset policies. At the center of this shift is the Strategic Bitcoin Reserve proposal, introduced by Senator Cynthia Lummis (R-WY) and actively supported by President Donald Trump.
Speaking at the Bitcoin 2025 Conference in Las Vegas, Senator Lummis stated that President Trump not only endorses the BITCOIN Act but has also assembled a special team at the White House focused on drafting digital asset legislation, including bills on stablecoins and crypto market structure, Cointelegraph reports.
The BITCOIN Act, reintroduced in March, mandates the federal government to purchase up to 1 million BTC over five years using budget-neutral strategies. According to Lummis, the administration already holds approximately 200,000 BTC, although that information remains classified.
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Geopolitical significance and state-level initiatives
The Strategic Bitcoin Reserve is being considered both an economic and geopolitical tool. Lummis revealed that several U.S. military generals support the initiative, recognizing Bitcoin’s economic strength as crucial for national security. She also emphasized the role of individual states, noting that over 30 are evaluating similar legislation to establish their own Bitcoin reserves.
Legislative momentum and growing interest in digital assets
Simultaneously, progress is being made on the regulatory front. The GENIUS Act — Guiding and Establishing National Innovation for US Stablecoins — recently cleared a key hurdle in the Senate with bipartisan support. If passed, it will establish a legal framework for dollar-backed stablecoins like USDT and USDC, which currently dominate the $250 billion stablecoin market. The bill’s advancement is regarded as the first major crypto legislation to emerge from the Senate Banking Committee in the past decade.
Despite opposition from crypto skeptics like Senator Elizabeth Warren, Lummis remains optimistic. She believes the Senate is close to passing the stablecoin legislation, which would pave the way for the consideration of the Bitcoin Reserve bill.
Meanwhile, the number of states supportive of Bitcoin reserves continues to grow. Recently, South Carolina introduced a bill that could allow the state to invest a portion of its treasury funds in Bitcoin. According to Bitcoin Laws, 35 states are either reviewing or have already introduced Bitcoin-related legislation, signaling a broader shift in government attitudes toward integrating digital assets into public finance.
