Pro-Bitcoin Senator on Trump’s BTC Reserve: ‘This Is Only the Beginning’
U.S. Senator Cynthia Lummis hails President Trump’s executive order establishing a strategic bitcoin reserve as a historic move to address national debt and secure America’s financial leadership.
Pro-Bitcoin Senator Backs Trump: BTC Reserve Could Slash US Debt and Dominate Finance
U.S. Senator Cynthia Lummis (R-WY) has praised President Donald Trump’s executive order establishing a strategic bitcoin reserve and a U.S. digital asset stockpile, calling it a historic step for the country’s financial future.
“This is only the ₿eginning,” she wrote on social media platform X on March 6. Lummis also shared a statement: “President Trump promised to lead the most pro-digital asset administration in U.S. history, and today he is fulfilling that promise.” The lawmaker added:
By embracing bitcoin as a strategic asset, President Trump has charted a path to addressing our national debt and securing America’s position as the world leader in financial innovation.
Signed on March 6, 2025, the executive order ensures that BTC, acquired through criminal and civil asset forfeitures, will be treated as a reserve asset and not sold by the U.S. government. Additionally, the order establishes a U.S. digital asset stockpile, which will consist of non-bitcoin digital assets also obtained through forfeiture. The Secretary of the Treasury will oversee its responsible management. The order further authorizes the Secretaries of Treasury and Commerce to devise budget-neutral strategies for acquiring additional bitcoin without imposing costs on taxpayers.
Lummis, a longtime supporter of bitcoin, underscored the significance of this decision, emphasizing its role in securing America’s financial standing. Her statement continues:
The American people will look back on this decision as the moment we reclaimed our financial future, and I look forward to partnering with President Trump to get this across the finish line.
Trump’s move reflects his broader ambition to make the United States a global leader in cryptocurrency. A White House fact sheet emphasized that “premature sales of bitcoin have already cost U.S. taxpayers over $17 billion,” reinforcing the rationale behind the new reserve. Trump has repeatedly expressed support for the digital asset sector, stating: “I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry. Our country must be the leader in the field.” His administration has further demonstrated its commitment by appointing a “crypto czar” and planning the first-ever White House cryptocurrency summit. As these policies take shape, the strategic bitcoin reserve is set to play a crucial role in the future of the U.S. economy and its digital asset strategy.