U.S. Senator Cynthia Lummis Renews Calls for a Strategic Bitcoin Reserve (SBR)

U.S. Senator Cynthia Lummis has renewed calls for a Strategic Bitcoin Reserve (SBR), arguing that Bitcoin (BTC) could serve as a hedge against inflation

U.S. Senator Cynthia Lummis (R-WY) has once again called for the creation of a Strategic Bitcoin Reserve (SBR), arguing that Bitcoin (BTC) could serve as a hedge against inflation and financial instability. In a post on X (formerly Twitter) on Feb. 23, she confirmed that holding public hearings on the proposal remains a top priority.

“One of the first orders of business will be to hold public hearings on the Strategic Bitcoin Reserve,” Lummis stated in the tweet, which also included a link to her bill on the subject.

The Wyoming senator's push for a Bitcoin reserve comes as the Czech Republic considers adding BTC to its national reserves. On Feb. 22, Czech National Bank Governor Aleš Michl revealed that the country might invest up to 5% of its €140 billion ($145.6 billion) reserve in Bitcoin — potentially making it the first Western European nation to do so.

Lummis argues that the United States must act fast to stay ahead in digital asset adoption. According to her, delaying action could leave the country trailing behind as other nations integrate Bitcoin into their financial strategies.

“If you’re not first, you’re last,” Lummis said in a statement attached to the bill. “America must take decisive action to establish a Strategic Bitcoin Reserve and secure its place in the 21st century.”

Her efforts also align with her role as chair of the Senate Banking Subcommittee on Digital Assets, where she is working on legislation to establish a clear regulatory framework for crypto assets. In December 2024, Lummis also advocated for a Bitcoin reserve to address the $35 trillion U.S. national debt.

Trump's executive order could boost crypto adoption furtherOn Jan. 23, 2025, President Donald Trump issued an executive order aimed at reinforcing U.S. leadership in digital finance. The directive acknowledges the growing importance of digital assets and outlines plans to explore a national digital asset reserve, which could include Bitcoin.

The order also establishes a working group tasked with assessing the potential benefits and risks of a federal digital asset reserve. Public hearings and expert consultations will play a key role in shaping the initiative.

Moreover, the order commits to curbing regulatory overreach, addressing concerns from industry leaders who argue that previous administrations stifled crypto innovation.

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