LATEST: US Senator Lummis Says America Could Begin Building A Strategic Bitcoin Reserve Soon

Crypto-friendly Senator Cynthia Lummis has announced that the U.S. Strategic Bitcoin Reserve (SBR) could start acquiring funds “anytime,” though legislative hurdles are slowing the process. Lummis credited President Trump’s administration for enabling the SBR initiative, calling it a vital step toward integrating Bitcoin into national strategy.

Her statement came in response to ProCap BTC CIO Jeff Park, who proposed leveraging the government’s $1 trillion in gold paper gains to invest in Bitcoin — a move he said could help offset America’s $37.88 trillion fiscal debt. Lummis praised the idea, calling it a strong case for advancing the BITCOIN Act and officially launching the SBR.

Although the government has not confirmed when BTC purchases will begin, early plans suggest the reserve will start with Treasury-owned Bitcoin seized in legal cases and may later expand through tax-neutral acquisitions. Market watchers believe a U.S. Bitcoin-buying announcement could come soon.

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