Senator Cynthia Lummis advocates for budget-neutral strategies involving bitcoin and gold reserves

Senator Cynthia Lummis, U.S. Senator for Wyoming - Official U.S. Senate headshot
Senator Cynthia Lummis, U.S. Senator for Wyoming - Official U.S. Senate headshot
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Senator Cynthia Lummis, a prominent advocate for cryptocurrency policy in the United States Senate, posted several statements on August 14, 2025, regarding legislative initiatives and fiscal strategies related to bitcoin and gold reserves.

In her first post of the day, Lummis referenced her ongoing efforts to introduce legislation supporting digital assets: “I have a ₿ill for that.” (August 14, 2025).

Later that day, she discussed strategies for addressing the national debt and building sovereign bitcoin reserves (SBR). In her tweet, Lummis wrote: “.@SecScottBessent is right: a budget-neutral path to building SBR is the way. We cannot save our country from $37T debt by purchasing more bitcoin, but we can revalue gold reserves to today’s prices & transfer the increase in value to build SBR. America needs the BITCOIN Act.” (August 14, 2025).

In a subsequent statement later that evening, Lummis reiterated her support for bitcoin as an asset class. She stated: “Sec. Bessent is spot on about the importance of bitcoin as a store of value in the digital age. I look forward to continue working with @SecScottBessent & @howardlutnick to identify budget-neutral ways to continue growing our bitcoin reserve & outpacing adversaries in the race.” (August 14, 2025).

Senator Lummis has been recognized as one of Congress’s leading voices on cryptocurrency regulation and fiscal innovation. Her advocacy comes amid ongoing debates over how best to address federal debt levels and leverage alternative assets such as bitcoin and gold within government financial strategies.



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