All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- Senator Lummis proposes a U.S. Treasury Bitcoin reserve to integrate cryptocurrency into national policy.
- Lummis’s leadership in the digital assets subcommittee could shape U.S. crypto regulation and adoption.
Senator Lummis is set to make a major announcement today at 10 a.m., creating significant anticipation in the crypto world. In addition, another announcement likely revolves around the Senate Banking Committee’s vote, which could officially appoint her as the chair of the digital assets subcommittee.
As shared in her tweet,
Honored to chair the Senate Banking Subcommittee on Digital Assets. pic.twitter.com/mWj2hKA0NQ
— Senator Cynthia Lummis (@SenLummis) January 23, 2025
Known for her strong advocacy for Bitcoin and cryptocurrency, Lummis teased the announcement with a cryptic post on X:
Big things are coming,” accompanied by a stylized “B” resembling the Bitcoin symbol. She followed up with another post encouraging everyone to “Stay tuned for 10 a.m.”
If this happens, Lummis will play a critical role in shaping future U.S. cryptocurrency policies, potentially tying into her broader vision of creating a strategic Bitcoin reserve for the United States.
Lummis’s Vision: A Bitcoin Reserve for the U.S. Treasury
Lummis has long championed the integration of Bitcoin into the U.S. financial system. In July 2024, she introduced the BITCOIN Act, proposing that the U.S. Treasury acquire up to 1 million Bitcoins over five years. This proposal includes a mandatory 20-year holding period for these assets.
Although the BITCOIN Act has faced mixed reactions in Congress, Lummis intends to reintroduce the bill in January 2025, leveraging the potential for a more crypto-friendly administration.
Bitcoin as a Complementary Asset
A December 2024 meeting with Scott Bessent, the Treasury Secretary nominee, has sparked speculation that the Biden administration could support the initiative. If successful, this would mark a groundbreaking moment in U.S. policy, positioning Bitcoin as a complementary asset to strengthen the dollar and provide a hedge against financial instability.
Implications for Bitcoin’s institutional adoption and legislative support—highlighted in a previous CNF update—could solidify its status as a global financial asset in 2025. As of now, Bitcoin (BTC) is trading at $105,285.54 reflecting a 2.94% increase in the past day and a 3.47% rise over the past week, according to CoinMarketCap. See the BTC price chart below.
