In an interview with Bitcoin commentator Natalie Brunell, Senator Cynthia Rumis (R-WY) said that the Treasury is investigating legal authority to buy and nurture BTCs on behalf of the federal government. The Senator believes that such movements can significantly reduce national debt in the long run.
Senator Lummis pushes Bitcoin Reserve
Lummis pointed out about 200,000 BTC as a starting point for the asset confiscation program of Marshals Service.
The Senator explained her position more clearly and mentioned that she is already requiring a new law or whether the administration is already authorized.
Lummis suggests that the confiscated BTC will be converted into a “basic investment”, which will be the basis for a larger BTC reserve. This is the first time that the US government has deliberately accumulated Bitcoin as a strategic asset for the first time.
One of the main arguments of Lummis about SBR is the ability to trim federal debt, and she is considered “irresponsibly high.” Under her bitcoin law, the United States can re -evaluate a gold certificate listed at $ 42 per 1 ounce, which is much lower than the market value, and can be placed in the purchase of BTC in a budget neutral way.
“My legislation will provide us to take gold certificates … I bought a fair market value of gold and then bought a bitcoin and created a million Bitcoin protection area for five years.”
She argued that if he owned this million BTC as a horizon for 20 years, he could “reduce the current national debt in half.” While quoting a wide range of modeling of advocates such as Michael Saylor, BTC’s price audit is likely to benefit taxpayers.
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Senator Cynthia Lummis leads the Bitcoin Revolution in Washington.
Bold plans for the United States through Bitcoin and Digital Asset Policy are promised to reconstruct the financial system-Reduce US debt, protect Bitcoin’s own inspection, and strengthen the dollar. pic.twitter.com/g1rvl1ordb
-Natalie brunell ⚡️ (@natbrunell) April 1, 2025
The Senator praised President Trump’s recent administrative order aiming to make the United States a “digital asset capital of the world” by creating a favorable environment for the BTC mine, regulatory clarity and strategic protection zones. According to Lummis, this move is in contrast to the preceding administration, which people do not want to talk about digital assets.
But Lummis also emphasized the need for cooperation between the two parties, and Bitcoin has now gained interest in the Republican members, but it should not be a strict partisan effort.
In the press time, the BTC was traded for $ 84,202.
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