US Senator Cynthia Lummis has said that fundraising for America’s proposed Strategic Bitcoin Reserve (SBR) could begin “anytime,” pending the resolution of slow-moving legislative procedures.
Known for her pro-crypto stance, Lummis revealed on X (formerly Twitter) that while bureaucratic hurdles are delaying progress, President Donald Trump’s earlier executive order has already set the foundation for the reserve to move forward.
Responding to a post by ProCap BTC’s chief investment officer, Jeff Park, who shared a discussion with Bitcoin advocate Anthony Pompliano, Lummis described their analysis as a “fabulous articulation” of why the SBR and her proposed BITCOIN Act are essential.
Park had speculated that if the US government could reinvest its estimated $1 trillion in unrealised gains from gold into Bitcoin, it could generate long-term returns that might offset part of the nation’s fiscal debt, which currently stands near $37.9 trillion.
He suggested that a 12% annual growth rate in Bitcoin’s value could yield a thirtyfold return over three decades, potentially narrowing America’s deficit gap.
Lummis, a long-time champion of digital assets in Washington, reaffirmed that the SBR’s formation was consistent with a broader strategy to integrate Bitcoin into the country’s financial framework. However, she noted that progress has been gradual due to what she called the “slog” of the legislative process.
The idea of a US Strategic Bitcoin Reserve was first introduced through Trump’s executive order about seven months ago. According to the official government fact sheet, the reserve would initially be capitalised using Bitcoin already held by the Department of the Treasury — specifically, assets seized in civil and criminal cases. Subsequent acquisitions are expected to occur through “budget-neutral mechanisms,” meaning they would impose no additional burden on taxpayers.
While details on how new capital will be raised remain unclear, the establishment of the reserve represents a landmark shift in the government’s approach to digital assets. For years, seized Bitcoin holdings were typically auctioned off. Now, with the SBR initiative, the US could begin treating Bitcoin as a strategic asset — similar to how gold is used in foreign reserves.
Market observers believe the next major announcement could involve direct Bitcoin purchases by the government. Pompliano, speaking on CNBC, suggested that while creating the reserve was “a good first step,” the real impact will come when the US begins active accumulation. “The main dish is when they start buying,” he said, expressing confidence that such a move will eventually happen.
If realised, the Strategic Bitcoin Reserve would position the United States as the first major economy to hold Bitcoin as part of its official reserves — a move that could signal a new era of institutional and governmental adoption.
