With Republicans soon to have a majority in the US Senate, Cynthia Lummis said she plans to have lawmakers pass a bill to “build a strategic Bitcoin reserve.”
In one of her first post-election messages, Wyoming Senator Cynthia Lummis reiterated plans for United States lawmakers to “build a strategic Bitcoin reserve,” presumably when Republicans take a majority control of the Senate in 2025.
In a Nov. 6 X post, Senator Lummis said she intended to move forward with her plans to establish a Bitcoin (BTC) reserve. The Wyoming Republican introduced the Bitcoin Act in July for the US government to buy one million BTC— roughly 5% of the total supply — and hold it for at least 20 years.
With Republicans expected to have a majority in the US Senate after flipping three seats on Election Day, Lummis and her colleagues may have the votes needed to carry out the plan. Her proposed bill built upon an idea pitched by then-presidential candidate Donald Trump, who suggested the US government not sell any of its seized Bitcoin.
