Crypto-friendly US Senator Cynthia Lummis has confirmed that funding for the US Strategic Bitcoin Reserve (SBR) “can start anytime,” though legislative hurdles are still in place.
In a post on X, Lummis said the process is a “slog” on the legislative side, but added that thanks to “President Trump, the acquisition of funds for an SBR can start anytime.”
Her comments came in response to ProCap BTC CIO Jeff Park, who shared a discussion with Bitcoin advocate Anthony Pompliano about the potential of the SBR.
Park suggested that the government could use its $1 trillion paper gains from gold to reinvest in Bitcoin (BTC). He argued that given the US’s $37.88 trillion fiscal debt, this would be a relatively low-risk move.
Potential impact of an SBR
Park explained that if the government leveraged its gold gains to buy Bitcoin, it could create a significant long-term financial advantage. “If you own Bitcoin, and you assume that it’s going to go up by 12% a year, you’ll make a 30x in 30 years,” he said. Lummis called this “a fabulous articulation of why the SBR and passing the BITCOIN Act makes so much sense.”
The official government plan states that the SBR will initially use Bitcoin seized by the Treasury through civil or criminal proceedings. Additional BTC could be acquired through budget-neutral methods that don’t add costs to taxpayers.
While U.S. President Trump signed an executive order seven months ago to establish the reserve, the exact launch timeline remains uncertain. Industry experts, including Pompliano, anticipate that the US government may soon announce its first Bitcoin purchases, marking a major step for the SBR.