Senator Cynthia Lummis Proposes Bitcoin Reserve Bill in Trump’s First 100 Days

Lummis introduced the Bitcoin Reserve bill in July. The bill would direct funds from the Federal Reserve and the Treasury to purchase up to one million bitcoins. If successful, the U.S. would own about 5% of the total Bitcoin supply, becoming the largest government holder—similar to its position with U.S. gold reserves.

The bill also calls for the creation of a national Bitcoin reserve. This would involve secure vaults, overseen by the Treasury, to safeguard Bitcoin ownership rights and ensure secure custody. Advocates see this as an opportunity to enhance U.S. financial stability and security.

Though the proposal stalled in the Senate previously, supporters believe it now has a better chance. Trump is reportedly inclined to support the bill. However, it still faces a long path to approval, requiring endorsement from both the Senate and House before reaching the president’s desk.

Interest in the bill spans both parties. Recently, Democratic Representative Ro Khanna expressed support for Bitcoin’s potential, suggesting growing bipartisan enthusiasm. Additionally, VanEck’s Head of Digital Assets Research, Matthew Sigel, noted that a U.S. Bitcoin reserve could benefit American interests in energy, AI, and decentralized finance. Sigel highlighted that the U.S. could leverage over 200,000 BTC and promote Bitcoin mining through public-private partnerships in emerging tech cities, without capital risk.

Lummis and her supporters believe the bill would bolster the U.S. economy and position the nation as a leader in financial innovation backed by Bitcoin.