Her remarks arrive as Bitcoin breaks through $126,000, signaling renewed enthusiasm for institutional accumulation.
In her recent post on X, Lummis credited President Trump for fast‑tracking the initiative, calling it a major step toward securing America’s leadership in the digital economy. The move follows months of behind‑the‑scenes coordination between the Treasury Department, the Digital Asset Working Group, and several private‑sector advisors, all tasked with designing a national crypto reserve strategy.
The plan gained visibility after Bitwise investor Jeff Park suggested that unrealized profits from U.S. gold reserves could be reallocated to Bitcoin. According to Park, such a shift would diversify federal assets and generate long‑term capital growth, positioning BTC as a modern counterpart to gold.
Recent disclosures from Treasury Secretary Scott Bessent confirm that the federal government already holds an estimated $15‑20 billion in Bitcoin – mostly from seized funds – making it one of the largest sovereign holders worldwide. The upcoming reserve would formalize these holdings and add regular strategic purchases to the balance sheet.
Momentum is also building at the state level. Texas, under Governor Greg Abbott, became one of the first states to codify Bitcoin reserves into law through SB 21, authorizing the state comptroller to buy and custody BTC on behalf of its treasury. Crypto policy advocate Dennis Porter described the development as a “watershed moment” that other states are likely to follow.
On Capitol Hill, Representative Tim Burchett’s H.R. 3798 – dubbed Trump’s SBR Bill – aims to make the reserve a permanent fixture of U.S. economic policy. If passed, it would require federal agencies to systematically acquire Bitcoin as part of the country’s strategic assets, much like oil and gold.
Globally, the U.S. would not be alone. El Salvador’s holdings have swelled to around $775 million, while the UAE’s growing stash of over 6,000 BTC underscores a broader trend of governments treating Bitcoin as a sovereign wealth instrument.
If Washington proceeds with the plan, the United States could effectively cement Bitcoin as a cornerstone of modern reserve policy – an extraordinary leap from regulatory ambiguity to outright national adoption.
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