{"id":30228,"date":"2025-06-04T15:16:34","date_gmt":"2025-06-04T15:16:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30228"},"modified":"2025-06-04T15:16:34","modified_gmt":"2025-06-04T15:16:34","slug":"us-military-backs-bitcoin-reserve-to-counter-china-says-senator-lummis","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30228","title":{"rendered":"US Military Backs Bitcoin Reserve To Counter China, Says Senator Lummis"},"content":{"rendered":"
\n

United States Senator Cynthia Lummis (R-Wyo.) says elements of the nation\u2019s uniformed leadership are now \u201cbig supporters\u201d of plans to build a Strategic Bitcoin Reserve (SBR), marking the first time a sitting law-maker has publicly claimed high-level military backing for the project.<\/p>\n

Bitcoin Reserve Gains Military Support<\/h2>\n

\u201cThere are generals, especially in Southeast Asia, who believe it is important to have strategic Bitcoin stockpiles, because we are in an economic war with China,\u201d Lummis told<\/a> Bloomberg Television late Tuesday. \u201cAll we need to do is look to the leadership of the current US military to find support for a Strategic Bitcoin Reserve.\u201d<\/p>\n

Lummis reiterated her plan to accumulate 1 million BTC \u2014 roughly 5 percent of the supply \u2014 and hold it for twenty years. \u201cMy purpose is to\u2026 illuminate half of the US debt<\/a>,\u201d she said. The senator\u2019s first funding tranche would rely on Bitcoin already in federal custody: \u201cThe place to start is to use the money held by the US Marshals Service\u2026 asset-forfeiture monies in the form of digital assets. That can be the basis for year one of a strategic Bitcoin reserve.\u201d<\/p>\n

Lummis\u2019 remarks land two months after President Donald Trump issued Executive Order 14233<\/a>, creating a SBR capitalised with all BTC forfeited in federal cases and instructing agencies to transfer their holdings to Treasury-run cold wallets.<\/p>\n

The House and Senate are now considering companion \u201cBITCOIN Act\u201d bills that would codify the reserve in statute and authorise Treasury to purchase additional coins with \u201cno incremental cost to taxpayers.\u201d Even so, Lummis conceded legislation to expand or finance the reserve directly is unlikely to surface this session.<\/p>\n

\u201cI don\u2019t think we\u2019re going to get to this bill in 2025, because our next priority is market-structure<\/a>,\u201d she said, referring to the looming fight over jurisdictional boundaries between the Securities and Exchange Commission and the Commodity Futures Trading Commission.<\/p>\n

Responding to concerns that a BTC build-up might displace bullion, Lummis stressed she has \u201cnever proposed selling any of our gold or hard assets.\u201d Instead she would re-value Treasury\u2019s 1934-vintage gold certificates at fair-market prices and swap the accounting uplift into BTC: \u201cconvert[ing] our gold certificates to current fair-market value and use those to convert to Bitcoin.\u201d<\/p>\n

Asked about JPMorgan Chase chief Jamie Dimon\u2019s call for Washington to hoard \u201cbullets, drones and rare earths\u201d instead of BTC, the senator fired back: \u201cEven the United States military disagrees with him\u2026 We have to prepare for a guns-and-bullets war, but we need both.\u201d<\/p>\n

Notably, Lummis wants the reserve to be Bitcoin-only. \u201cBitcoin is based on proof-of-work,\u201d she argued, indicating no appetite to diversify into proof-of-stake assets or stablecoins at the sovereign-reserve level.<\/p>\n

At press time, BTC traded at $105,494.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

United States Senator Cynthia Lummis (R-Wyo.) says elements of the nation\u2019s uniformed leadership are now \u201cbig supporters\u201d of plans to build a Strategic Bitcoin Reserve (SBR), marking the first time a sitting law-maker has publicly claimed high-level military backing for the project. Bitcoin Reserve Gains Military Support \u201cThere are generals, especially in Southeast Asia, who […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-30228","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30228"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30228\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}