Senator Cynthia Lummis said that the Bitcoin Strategic Reserve could serve as a financial guarantee and a means of processing the tax poor management of past generations.
Lummis thinks that such a reserve could help to rectify the economic charges placed on the younger generations, in particular the national debt.
Push the Bitcoin reserve of the Lummis senator
In a recent interview, Lummis explained that a Bitcoin strategic reserve could halve the current debt. In 2025, the American national debt exceeded 36 billions of dollars.
Lummis suggested that the United States could take advantage of the Bitcoin appreciation to support the US dollar as a global reserve currency. It considers it crucial to maintain economic stability and favorable trade benefits.
“It guarantees that the US dollar is the most accepted currency in the world, then with Bitcoin which underpins it and also be a global means of exchange and a value store, gives us this double support for the US dollar” , said Lummis.
In addition, it referred to the historic annual growth rate of Bitcoin of around 55%. However, it recognized that this rate would gradually decrease. According to Lummis, it could decrease to 45%, 35%, 25%, etc. Over the next two decades.
Despite a drop in the growth curve, the senator estimates that a Bitcoin reserve of $ 1 million could now be worth around half of the US national debt in 20 years. She also noted that Robert F. Kennedy Jr. had used a similar model. Consequently, Lummis projected that a greater reserve could potentially eliminate the whole debt.
“I look at a strategic bitcoin reserve and its ability to grow and help me repair the wrongs that my generation has made us in this terrible debt. It is the only vehicle I see that can have this consecutive effect, “she said.
On July 31, 2024, Senator Lummis presented the Bitcoin law, proposing the creation of a reserve of 1 million bitcoins. Last month, she also became the first president of the Senate banks subcommittee on digital assets.
Meanwhile, support for a Bitcoin strategic reserve increases. At the state level, 15 states have publicly approved it, the founder of the Satoshi Action Fund, Dennis Porter, shared on X (formerly Twitter).
At least 11 states have presented bills to establish a Bitcoin strategic reserve. In addition, Arizona and Utah have approved their proposals through committees.
According to Porter, more than 3,300 letters were sent to the members of the Congress which argue that Bitcoin is recognized as part of a strategic stock. This occurs after President Donald Trump has signed an executive decree to establish “national storage of digital assets” without specifying Bitcoin.
Non-liability clause
In membership of the Trust project guidelines, Beincrypto has embarked on transparent impartial reports. This press article aims to provide precise and timely information. However, readers are invited to check the facts independently and consult a professional before making decisions according to this content. Please note that our terms and conditions, our privacy policy and our non-responsibility clauses have been updated.
