Per her speech, the officers “are big supporters of having a strategic Bitcoin reserve.”
Lummis framed Bitcoin reserves as an extension of US energy policy and industrial capacity. She credited China’s 2021 mining ban for driving the hash rate to North America and cited Trump’s recent call to “make Bitcoin mining and America conjoined.”
She argued that pairing domestic mining with federal accumulation would give Washington a “geopolitical advantage.”
The Wyoming Republican drew a parallel with Fort Knox, noting that the US holds roughly 5% of the global gold supply and should target the same share of Bitcoin.
Lummis highlighted state-level momentum regarding Bitcoin reserves, using them as an example to follow for the federal government.
She described the states as “incubators of innovation” and predicted their actions would pressure Congress and the Treasury Department to follow.
“That’s good for America because they’re going to build their sovereign wealth in Bitcoin through an American ETF.”
Lummis urged federal officials to treat Bitcoin as “digital gold” rather than a speculative instrument and to formalize reserve guidelines before other nations lock up larger shares of the fixed 21 million-coin supply.
The senator closed by asserting that energy-intensive proof-of-work mining and a strategic reserve would reinforce US leadership in both monetary and industrial domains. She added that state initiatives have now outlined a clear path that the federal government can adopt and scale.
