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Cryptocurrency News Articles
Is Senator Lummis Hinting That the USA Could Start Buying Bitcoin?
Apr 11, 2025 at 05:53 pm
Recent remarks suggest Senator Cynthia Lummis might be exploring the possibility of the United States establishing a Bitcoin reserve.
Senator Cynthia Lummis is known for her pro-Bitcoin stance and has frequently discussed the possibility of the United States establishing a Bitcoin reserve.
In recent remarks, the Wyoming senator posed a question regarding whether creating a strategic Bitcoin reserve would necessitate legislation or if the Treasury Secretary could undertake it directly.
"Is making a strategic #Bitcoin reserve for the U.S. a bill that needs to be passed by Congress, or can the Treasury Secretary do it without any legislation?" asked Senator Lummis on X (formerly Twitter).
This line of inquiry has gained further momentum following reports that former President Donald Trump signed an executive order supporting the concept of a national BTC reserve.
If such a reserve were to be pursued, it could represent a significant shift in how the U.S. approaches digital assets at a national level.
"President Trump has signed an Executive Order to create a strategic #Bitcoin reserve for the U.S., according to reports. This would be a major turning point for the country's involvement in crypto."
President Trump has signed an Executive Order to create a strategic #Bitcoin reserve for the U.S., according to reports. This would be a major turning point for the country's involvement in crypto.Could this be the beginning of a new era for American finance?
— Senator Cynthia Lummis (@SenatorLummis) April 9, 2025
This initiative will move forward either through Congress or executive action, but Senator Lummis’s comments have certainly stirred speculation about America’s potential pivot toward Bitcoin as part of its strategic financial arsenal.
The post Senator Lummis Hints at U.S. Pivot Toward 1 Million Bitcoin appeared first on Bitcoin News.
The post Senator Lummis Hints at U.S. Pivot Toward 1 Million Bitcoin appeared first on Bitcoin News.output: Senator Cynthia Lummis, the pro-Bitcoin lawmaker, has hinted at the possibility of the U.S.A. pivoting toward a strategic Bitcoin reserve.
The Wyoming senator, known for her interest in cryptocurrency policy, posed a question about the creation of a strategic Bitcoin reserve. Lummis wondered if such an initiative would require legislation to be passed by Congress or if the Treasury Secretary could take the necessary steps without any bills.
"Is making a strategic #Bitcoin reserve for the U.S. a bill that needs to be passed by Congress, or can the Treasury Secretary do it without any legislation?" asked Senator Lummis.
This line of inquiry has gained further momentum following reports that former President Donald Trump signed an executive order supporting the concept of a national BTC reserve.
If such a reserve were to be pursued, it could represent a significant shift in how the U.S. approaches digital assets at a national level.
"President Trump has signed an Executive Order to create a strategic #Bitcoin reserve for the U.S., according to reports. This would be a major turning point for the country's involvement in crypto."
President Trump has signed an Executive Order to create a strategic #Bitcoin reserve for the U.S., according to reports. This would be a major turning point for the country's involvement in crypto.Could this be the beginning of a new era for American finance?
— Senator Cynthia Lummis (@SenatorLummis) April 9, 2025
This initiative will move forward either through Congress or executive action, but Senator Lummis’s comments have certainly stirred speculation about America’s potential pivot toward Bitcoin as part of its strategic financial arsenal.
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