$BTC Senator Lummis: Trump Supports Strategic Bitcoin Reserve Plan

Senator Cynthia Lummis has announced that former President Donald Trump backs her proposal to establish a Strategic Bitcoin Reserve. The bill calls for the U.S. government to acquire 1 million $BTC

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as a national financial safeguard. Interest in Bitcoin policy is rapidly growing within the GOP, with Lummis at the forefront of crypto advocacy in Washington.

The proposed legislation aims to treat Bitcoin as a strategic asset—similar to the Strategic Petroleum Reserve—highlighting its role in securing the country’s financial future. Lummis believes this move would ensure the U.S. maintains leadership in the global digital economy.

Why America Needs a Strategic Bitcoin Reserve

According to Lummis, holding a substantial Bitcoin reserve would help the U.S. hedge against inflation, global economic uncertainty, and currency manipulation. Labeling Bitcoin as "digital gold," she points to its scarcity and decentralization as key advantages. With countries like El Salvador already adopting BTC as part of national policy, Lummis warns that the U.S. risks falling behind without bold action. A government-backed reserve would also signal serious commitment to blockchain innovation on the world stage.

Trump’s Changing Stance on Crypto

Trump’s endorsement of the bill marks a significant shift in his outlook on digital assets. Once a skeptic, he now appears more receptive to incorporating crypto into U.S. financial strategy. His support could give the Strategic Bitcoin Reserve bill momentum, reflecting a broader Republican pivot toward pro-crypto policies ahead of the 2024 elections.