Cynthia Lummis stands as a key figure in promoting cryptocurrencies within Congress. Since her induction in 2021, she has passionately supported numerous initiatives, most notably advocating for the creation of a Strategic Bitcoin Reserve.

Lummis stated:
“President Trump has made it clear he is interested in comprehensive digital asset legislation and creating a Strategic Bitcoin Reserve to address our crippling national debt.”
(Translation: Donald Trump expressed interest in digital asset legislation and the creation of a Strategic Bitcoin Reserve to tackle national debt.)

Early Support for Bitcoin

In 2020, Lummis, who has held Bitcoin since 2013, articulated its significance during her Senate campaign:
“Each of those cattle, they’ve decreased by over $400 a piece because of coronavirus. We need stores of value that are decoupled from the economy.”
(Translation: She emphasized the need for independent value stores amid economic downturns.)

As she continues to navigate through recovery from the FTX scandal, Lummis is working closely with other lawmakers. She has proposed stablecoin legislation alongside Senator Gillibrand with an aim to establish comprehensive regulatory measures.

Strategic Bitcoin Reserve Initiative

Proposing a USD 1 million Bitcoin purchase at the Bitcoin Conference, Lummis aims for the Reserve to become a cornerstone of Trump’s future administration. “This is very much in line with what the U.S. has done with gold reserves,” she commented.
(Translation: This strategy aligns with U.S. historical practices for managing gold reserves.)

Lummis’s advocacy is expected to shape the future of U.S. cryptocurrency policy significantly.