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In an interview with Bitcoin commentator Natalie Brunell, Senator Cynthia Lummis (R-WY) confirmed her commitment to the establishment of a American strategic Bitcoin Reserve (SBR) and announced that the financial department examined its legal authority to purchase and custody on behalf of the federal government. The senator believes that such a step could significantly reduce the general public debt in the long run.
Senator Lummis pushes Bitcoin reserve
Lummis identified to around 200,000 BTC within the US Marshal Service Asset loss program as a possible start line: “With the finance minister and the finance minister, we try to search out out which assets might be the idea of the primary yr in a strategic bitcoin reserve.”
The senator found that she found whether a brand new law is mandatory or whether the administration already has the authority: “I’m currently trying to search out out whether it needs to be done by law or whether the finance minister has the authority to do that straight away.”
Lummis suggests converting the confiscated BTC into an official “basic investment”, which based on her can be the idea for a bigger BTC reserve. If that is successful, this may mark the primary time that the US government has intentionally and openly accrued Bitcoin as strategic capital.
One of the principal arguments of Lummis for an SBR is the power to trim the federal debt that she holds as “responsibly high”. According to its Bitcoin Act, the USA could also rate its gold certificates, that are currently listed at a a long time of official price of $ 42 per ounce, far below the market value and the difference to the acquisition of BTC in a budget-neutral way:
“My laws would offer for us to record our gold certificates … they create them to the present fair market value for gold after which use them to purchase Bitcoin, making a Bitcoin reserve of 1 million Bitcoin over five years.”
She claims that the attitude of this million BTC over a 20-year horizon “can reduce current public debt in half”. Listed extensive modeling – a few of supporters reminiscent of Michael Saylor – believes that BTC's price estimate has the potential to make taxpayers considerable profits.
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The US Senator Cynthia Lummis leads the Bitcoin revolution in Washington.
Promise their courageous plans for America through Bitcoin & Digital Asset Policy to cut back the economic system to promise-US debt, protect Bitcoin self-sufficiency and strengthen dollars … pic.twitter.com/G1rvl1ordb
– Natalie Brunell ⚡️ (@natbrunell) April 1, 2025
The Senator praised the incontrovertible fact that President Trump's recent executive commands that aim to make the United States a “digital wealth capital of the world” by promoting a good environment for BTC mining, regulatory clarity and a strategic reserve. According to Lummis, these movements are in strong contrast to previous administrations through which “people don’t need to discuss digital assets or discuss digital assets”.
However, Lummis also emphasized the necessity for cross -party cooperation that Bitcoin has aroused interest in republican circles, but mustn’t be undertaken right into a strictly party -political undertaking: “We want this swing … We have worked extremely hard to maintain it overparters, so I cannot keep my brain and, as a part of the issue, as a part of the issue.”
At the time of the press, BTC was traded with $ 84,202.
BTC hovers over $ 84,000, 1-day chart | Source: Btcusdt on tradingview.com
Selected picture of YouTube, diagram of tradingview.com
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