Senator Lummis Pushes for National Bitcoin Reserve, Citing Military Support

Senator Cynthia Lummis (R-WY) is making waves with her advocacy for a national Bitcoin reserve, claiming support from high-ranking military generals. According to Lummis, these generals recognize the importance of economic power alongside military strength in addressing global aggressors. She made these remarks at the Bitcoin 2025 conference in Las Vegas on May 26th.

Key Arguments

• Geopolitical Advantage: Lummis believes a strategic Bitcoin reserve is crucial for securing U.S. geopolitical dominance.
• China's Ban: She highlighted how China's ban on Bitcoin mining created an opportunity for the U.S. to lead in the crypto space.
• Strategic Bitcoin Reserve Act: Lummis is championing the Strategic Bitcoin Reserve Act, which proposes the U.S. government purchase up to 1 million Bitcoin (approximately 5% of the total supply) over five years. She asserts that President Trump supports this initiative.
• State-Level Adoption: Lummis emphasizes the importance of state-level adoption of Bitcoin, citing examples like Arizona, Texas, and New Hampshire, which have already passed strategic Bitcoin reserve bills.
• Debt Solution?: She also suggests that Bitcoin could potentially help address the country's massive debt.

Lummis views states as vital incubators of innovation, noting that around 30 states are currently considering strategic Bitcoin reserve legislation.

Key Takeaways:

• Senator Lummis believes that Bitcoin is a powerful tool for securing US interests in the global arena.
• A national Bitcoin reserve is an economic, not just financial, imperative
• There's growing support for Bitcoin adoption at both the federal and state levels.

Bitcoin was trading around $109,943 at press time, slightly below its recent high.