Legislative delays hold back America’s plan for a Strategic Bitcoin Reserve
US Senator Cynthia Lummis says the United States could begin funding its Strategic Bitcoin Reserve (SBR) at any time, pending the slow progress of legislative approval. Her remarks come as discussions around government-level Bitcoin adoption gain traction among policymakers and investors alike.
In a recent post on X, Lummis confirmed that while bureaucratic red tape continues to slow the process, the initiative has already received the green light from President Donald Trump. “Thanks to President Trump, the acquisition of funds for an SBR can start anytime,” she said, emphasizing that the legislative side remains a “slog.”
A trillion-dollar opportunity for fiscal strategy
The proposal has attracted growing attention from crypto-focused investment executives and macro strategists, who argue that a Bitcoin reserve could serve as a long-term hedge against US fiscal imbalances.
Jeff Park, chief investment officer at ProCap BTC, suggested that the US could reinvest $1 trillion in paper gains from gold into Bitcoin. He noted that such a move would represent only a minor risk compared to the country’s $37.88 trillion national debt.
Park explained:
“If there’s a way to build leverage on those gold gains and take a call option on Bitcoin, something incredible could happen… Assuming Bitcoin appreciates 12% a year, it could grow 30x in 30 years — enough to cover much of the fiscal deficit.”
Lummis praised Park’s view, calling it “a fabulous articulation of why the SBR and the BITCOIN Act make so much sense.”
The Strategic Bitcoin Reserve, established via executive order seven months ago, is set to be initially funded with Bitcoin seized through Treasury-led enforcement actions. Additional BTC acquisitions are expected through budget-neutral avenues that place no extra burden on taxpayers.
Some analysts believe an official US Bitcoin purchase announcement could arrive soon.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.