Senator Lummis stated that a Bitcoin reserve is the only solution to address the US national debt.
Senator Cynthia Lummis believes that Bitcoin is the answer to America's $37 trillion debt problem.
Summary
Senator Cynthia Lummis supports her call for a strategic Bitcoin reserve, stating that it can offset national debt and serve as a long-term hedge against inflation.
She dismissed reports about converting the US gold reserve but confirmed that the Trump administration is exploring other methods to establish SBR.
It has been reported that the US government owes over $37 trillion in national debt.
US Senator Cynthia Lummis reiterated that Bitcoin is the cornerstone of America's financial future, announcing that a strategic Bitcoin reserve is the only realistic way to offset the expansion of US national debt.
Lummis mentioned this point in a recent tweet, saying: 'I truly believe that a strategic Bitcoin reserve is the only solution to offset our national debt. I commend President Donald Trump and his administration for embracing SBR, and I look forward to completing it.'
Her statement was accompanied by clips from a Bloomberg TV interview where she discussed the growing interest in supporting Bitcoin reserves at the federal level. The interviewer asked about the idea of converting U.S. gold holdings into Bitcoin.
Although Lummis confirmed that there is no traction in this area, she stated that the government is exploring 'other methods of holding Bitcoin as a strategic reserve.' She added that Bitcoin is an asset that will grow over time and help offset the increasing debt burden.
U.S. national debt currently exceeds $37 trillion and continues to rise. Meanwhile, Lummis has been a long-time advocate for Bitcoin, repeatedly framing the asset as a modern hedge akin to gold or oil, capable of ensuring long-term fiscal stability.
Earlier this year, Lummis and Congressman Nick Begich proposed the 2025 (Bitcoin Bill), which outlines a national cryptocurrency strategy and includes provisions for establishing a government-controlled Bitcoin reserve.
The bill suggests purchasing 200,000 Bitcoins annually over five years, holding these assets for 20 years as a safeguard against inflation. Lummis previously stated that acquiring 1 million Bitcoins, which would account for about 5% of future total supply, could 'halve our debt in 20 years.'
There are rumors that the U.S. Bitcoin reserve holds Bitcoin worth $14 billion.
Reports suggest that the U.S. may already hold Bitcoin worth $14 billion, allegedly recovered from online operations in Cambodia, with strategic Bitcoin reserves gaining additional relevance. Meanwhile, other countries such as the Philippines, Brazil, and Sweden are also weighing similar initiatives, betting on cryptocurrency at the national level.
Despite pushing for long-term adoption, Bitcoin's price has been struggling in the short term. BTC is currently trading at $101,535, down nearly 10% this week. This follows a significant drop over two days, briefly pushing the price below the key level of $100,000.
While the market shows signs of stability, the upward momentum remains limited, as resistance near $102,000 keeps the bull market in check. Nevertheless, Lummis's latest comments reaffirm the growing political momentum behind Bitcoin, positioning it as a potential tool of national economic importance, rather than merely a speculative asset.
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