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Cryptocurrency News Articles

Jason Lowery Pushes for Bitcoin Strategy Role in National Security Council

Nov 20, 2024 at 10:30 am

Jason Lowery, a major in the U.S. Space Force and a prominent advocate for bitcoin's role in defense strategies, has applied to become a military advisor.

Jason Lowery Pushes for Bitcoin Strategy Role in National Security Council

A U.S. Space Force major has applied for a role as a military advisor on the National Security Council (NSC) or the White House Office of Science & Technology Policy (OSTP) to highlight bitcoin’s role in defense strategies.

Major Jason Lowery, who has frequently advocated for the inclusion of bitcoin in defense strategies, shared the news in a post on X Monday. “I can confirm that I have submitted an application to serve as a military advisor on the National Security Council (NSC) and/or the White House Office of Science & Technology Policy (OSTP),” he wrote.

Lowery, a prominent figure within the Bitcoin community, further elaborated on his application in a comment responding to X user ‘Seahawkmom,’ who had suggested to U.S. Senator Cynthia Lummis, “I recommend Maj Jason Lowery for presidential advisor on the advancement of bitcoin as a national strategic asset.”

In his comment, Lowery stated, “I’m not sure if I’ll be accepted, but the application is in. If you’re supportive of this position, your advocacy is appreciated.”

Meanwhile, André Dragosch, European head of research at asset management firm Bitwise, highlighted on X that the probability of the U.S. adopting a national bitcoin reserve had soared past 50%, according to Polymarket.

The X post also noted that President-elect Donald Trump had introduced plans for a national bitcoin reserve as part of broader efforts to solidify U.S. leadership in the cryptocurrency space.

The proposal would see the government retain its current BTC holdings and potentially expand on them to establish a robust reserve, serving as a countermeasure against the rising cryptocurrency influence of other nations.

In July, Senator Lummis unveiled the Bitcoin Act, a legislative proposal that would create a strategic bitcoin reserve to bolster the U.S. dollar and address national debt.

The act outlines a plan for the U.S. Treasury to purchase up to 1 million BTC over five years, equating to roughly 5% of the cryptocurrency’s total supply. The funding would be sourced from existing Federal Reserve and Treasury assets.

News source:news.bitcoin.com

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