US Senator Cynthia Lummis Confirms Funding for Strategic Bitcoin Reserve
Crypto-friendly Senator Cynthia Lummis said funding for the US Strategic Bitcoin Reserve (SBR) “can start anytime.” She noted legislative challenges remain but praised former President Trump’s role in enabling funding.
On October 6, 2025, Lummis tweeted that the legislative process is slow. However, thanks to President Trump, acquiring funds for the SBR can begin immediately.
Discussion on Government Bitcoin Investment
Lummis responded to ProCap BTC CIO Jeff Park, who shared a conversation with Bitcoin advocate Anthony Pompliano. Park suggested the government could reinvest its $1 trillion paper gains from gold into Bitcoin (BTC).
He argued this would be a low-risk move given the US’s $37.88 trillion fiscal debt. Park said leveraging gold gains to buy Bitcoin could create a strong long-term financial advantage.
- Park estimated Bitcoin could grow 12% annually.
- This growth could yield a 30-fold return over 30 years.
- Lummis called this a “fabulous articulation” supporting the SBR and the BITCOIN Act.
Official Plan and Timeline for the Strategic Bitcoin Reserve
The government’s plan states the SBR will initially use Bitcoin seized by the Treasury through civil or criminal cases. Additional Bitcoin may be acquired through budget-neutral methods that do not increase taxpayer costs.
President Trump signed an executive order seven months ago to create the reserve. However, the exact launch date is still unclear.
Industry experts, including Pompliano, expect the US government to announce its first Bitcoin purchases soon. This would mark a major milestone for the SBR.
