Senator Cynthia Lummis on BTC Reserves: “This is Just the Beginning”
US Bitcoin Reserve: Big Move or Risky Gamble?
Senator Cynthia Lummis , one of the most vocal Bitcoin advocates in the US, has declared “This is just the beginning” , after President Donald Trump signed an executive order establishing the National Bitcoin Reserve.
Bitcoin Becomes a Strategic Asset of America
On March 6, 2025 , President Trump signed an executive order requiring the US government to retain all Bitcoin seized from asset forfeitures instead of selling it, making it part of the national reserve.
Additionally, the decree also authorizes the establishment of a National Digital Asset Treasury , which will store cryptocurrencies other than Bitcoin.
According to the plan, the Ministry of Finance and the Ministry of Commerce will find ways to expand this Bitcoin reserve without increasing the tax burden on the people.
Senator Lummis welcomed the move, stating:
“The American people will look back on this moment as the turning point in our taking back control of our nation's finances.”
Why Did the Trump Administration Choose Bitcoin?
According to documents from the White House, if the US had not sold Bitcoin from previous seizures , taxpayers could have saved more than $17 billion .
Holding onto Bitcoin instead of dumping it helps the US strengthen its fiscal position without printing more money or raising taxes.
In addition, Trump also has the ambition to make the US the global cryptocurrency center . He once declared:
“I am very optimistic and open to the crypto industry. The US needs to lead in this area.”
While the decision is supported by many in the crypto community, not everyone is optimistic.
Some financial experts warn that if the Bitcoin market crashes , holding large amounts of BTC could pose a risk to the US economy.