- Wyoming Senator Cynthia Lummis suggests the US could begin accumulating funds for its Strategic Bitcoin Reserve following President Trump’s executive order.
- Trump’s March 2025 order established the reserve by consolidating existing government Bitcoin holdings from forfeitures but prohibited their sale.
- Analysts remain divided, with some viewing it as symbolic without legislative funding mechanisms, while others see it as a positive framework providing regulatory clarity.
- The concept of national Bitcoin reserves is gaining international momentum, with countries like the Philippines and Kazakhstan now exploring similar initiatives.
According to Wyoming Senator Cynthia Lummis, the US could be starting to allocate funds to its Strategic Bitcoin Reserve (SBR). Lummis stated:
Legislating is a slog, and we continue to work toward passage, but thanks to President Trump, the acquisition of funds for an SBR can start anytime.
Wyoming Senator Cynthia LummisHer comments came after ProCap BTC Chief Investment Officer Jeff Park posted a video with Anthony Pompliano discussing the potential reserve. Park mused that the government could use gains from gold to reinvest in Bitcoin and “make a 30x in 30 years”.
Lummis responded, calling it “a fabulous articulation of why the SBR and passing the BITCOIN Act make so much sense.”
In March 2025, President Trump signed an executive order establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile for other government-seized digital assets.
Under that executive order, existing Bitcoin holdings already in government hands (primarily from forfeiture proceedings) are to be consolidated into the reserve.
The order also prohibits the sale of Bitcoin placed into the SBR, at least under the rules set out therein. The SBR is currently more of a framework — a consolidation of existing holdings — than a fully functioning national reserve making new purchases.
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Mixed Views on U.S. Bitcoin Reserve
Some analysts view the executive order as more symbolic at this point, since the mechanisms for purchasing, auditing, and managing a large Bitcoin reserve still depend on legislative steps and appropriations.
Valentin Fournier, an analyst at BRN, said that Trump’s order had “disappointed some investors, as it states that the government will not acquire additional assets beyond those obtained through forfeitures,” adding that this has created “confusion.”
However, others, like Dick Lo, CEO of TDX Strategies, took a more nuanced view, calling the development an “unambiguous positive” — particularly since the order clarified Bitcoin’s and altcoins’ treatment, and confirmed that no money would be spent on the latter.
Senator Lummis’ comments — and Park’s proposal — reflect a broader push for legislation that would make such acquisitions possible under the BITCOIN Act.
The idea of nations holding Bitcoin in their reserves is slowly gaining traction, with countries such as the Philippines and Kazakhstan recently discussing the matter.
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