Senator Lummis Calls Crypto Bill a Historic Step
Senator Cynthia Lummis described the bipartisan crypto market structure bill she co-authored as “the most important digital asset legislation in U.S. history.” She emphasized its role as a key moment for America’s approach to digital finance.
In an interview with Bloomberg on Tuesday, Lummis said the bill, first drafted in 2022, aims to resolve years of regulatory uncertainty. It proposes a clear division of oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
She confirmed that negotiations with Democratic staff are ongoing to secure bipartisan support. The goal is to hold a Senate Banking Committee vote and bring the bill to the full Senate before year’s end.
Lummis stated the measure aims to foster clarity and innovation. She added the U.S. should lead in digital assets rather than follow other countries.
Key Points of the Crypto Market Structure Bill
- The bill classifies cryptocurrencies based on their features.
- It assigns securities to SEC oversight and commodities to the CFTC.
- It sets clearer rules for stablecoins, decentralized finance protocols, and token issuances.
- These areas have long lacked clear regulations.
- The bill aims to bring stability and attract crypto companies back to the U.S.
- Supporters say it will increase market confidence and maturity.
- Critics warn that shifting control to the CFTC may reduce investor protections.
Lummis Supports Strategic Bitcoin Reserve Proposal
Lummis also supports the “Strategic Bitcoin Reserve” (SBR) proposal included in the BITCOIN Act of 2025. This plan would create a federally managed bitcoin stockpile.
She tweeted, “I truly believe the Strategic Bitcoin Reserve is the only solution to offset our national debt.” She praised former President Trump and his administration for backing the plan.
The reserve would use bitcoins seized in criminal investigations. This approach requires no new government spending. The bitcoin held by the government is estimated to be worth tens of billions of dollars.
Supporters compare the SBR to the creation of U.S. gold reserves a century ago. They argue bitcoin can protect against inflation and serve as a long-term strategic asset.
Economic and Political Impact
Lummis links the bitcoin reserve to national debt reduction. She aims to shift how Washington perceives digital assets—from speculation to national finance tools.
The proposal arrives amid global competition over digital currencies. Blockchain is increasingly part of mainstream finance.
This initiative appeals to fiscal conservatives and crypto advocates. It aligns with efforts to position the U.S. as a global leader in digital assets.
Challenges Facing the Bill and Bitcoin Reserve
Bitcoin’s price volatility raises concerns about its suitability for a national reserve. Critics fear public funds could face unnecessary risks.
Managing bitcoin assets would be new for federal agencies. Oversight and security procedures need development.
The Lummis-Gillibrand bill faces skepticism in Congress. Some lawmakers worry about balancing innovation with investor protection.
A Turning Point for U.S. Crypto Policy
The market structure bill and Strategic Bitcoin Reserve together represent a major push to integrate digital assets into U.S. finance.
Lummis, a leading Senate advocate for crypto, sees these measures as regulatory and economic milestones.
If passed, the bill would clarify crypto regulation. The reserve could formalize bitcoin’s role in fiscal policy.
The outcome will influence how the U.S. embraces digital finance and bitcoin’s role in the future economy.
