Senator Cynthia Lummis Announces US Bitcoin (BTC) Reserve

US President Donald Trump signed the executive order for the national strategic Bitcoin (BTC) reserve last March. Seven months have passed since President Trump signed an executive order establishing the Bitcoin reserve, but it remains unclear how the reserve will actually proceed, leading to speculation about the exact timeline. While uncertainty continues regarding the BTC Reserve, cryptocurrency supporter US Senator Cynthia Lummis said that the US is ready to create a strategic Bitcoin reserve at any time and that funding could begin at any time. Lummis, in a statement on his X account, said that although the Strategic Bitcoin Reserve (SBR) faces legal hurdles, it could be launched at any time thanks to an executive order from Donald Trump. Lummis said the only obstacle is the “slow pace of legislative procedures” in Congress. “Passing legislation is a challenging task, and we continue to work to ensure its passage. The legislative process has been delayed a bit, but thanks to President Trump, fundraising for SBR could begin any day now.” Lummis’s statement came in response to ProCap BTC chief investment officer Jeff Park sharing a video of himself and Bitcoin investor Anthony Pompliano discussing the potential of the Strategic Bitcoin Reserve. The SBR is considered a plan for the US government to designate and stockpile BTC as a national strategic asset. Discussions about the reserve gained momentum after President Trump signed the executive order last March, but its implementation has been delayed due to ongoing debate. The US government previously stated that the reserve would initially be funded with Treasury Department-owned Bitcoin seized through civil or criminal proceedings. It also stated that additional BTC could then be acquired through means that would not impose additional costs on American taxpayers. *This is not investment advice. Continue Reading: Senator Cynthia Lummis Announces US Bitcoin (BTC) Reserve