Senator Cynthia Lummis Confirmed Readiness to Launch a Strategic Bitcoin Reserve

• Senator Lummis said that funding for the US bitcoin reserve could start at any time.
• At the same time, bitcoin advocate Pompliano noted that the main thing is when the US government starts buying bitcoin.
• Meanwhile, the chief investment officer of ProCap BTC proposed reinvesting $1 trillion of unrealized gold profits in bitcoin.

U.S. Senator Cynthia Lummis said that funding for the Strategic Bitcoin Reserve (SBR) could “start at any time,” but the process is being slowed down by “legislative red tape.”

In a post on X (formerly Twitter), she said:

Thus, the senator confirmed that following President Donald Trump’s executive order signed in March 2025, the legal prerequisites for the program’s launch have been created, but practical implementation is still delayed.

Lummis commented on a video posted by Jeff Park, Chief Investment Officer of ProCap BTC, where he and well-known bitcoin proponent Anthony Pompliano discussed the potential for a government crypto reserve.

Park suggested that the US government could use $1 trillion of unrealized gold gains to reinvest in bitcoin.

Park added that such a strategy “could actually cover most of the federal budget deficit,” which currently exceeds $37.8 trillion.

In response, Lummis wrote that this is “a fabulous articulation of why the SBR and passing the BITCOIN Act makes so much sense.”

In July 2024, she introduced the BITCOIN bill, according to which the government is supposed to buy 1 million BTC within five years. The senator submitted it to the Senate for the second time in March 2025.

Although the details have not yet been confirmed, according to an official government document, the reserve will initially be formed from bitcoins owned by the US Treasury Department, mostly those that have been confiscated in civil or criminal proceedings.

In September, a legislative initiative was submitted to Congress, which assigned the Ministry of Finance the responsibility for reporting on the creation of the bitcoin reserve within 90 days of the bill’s entry into force.

In the future, it is expected that additional bitcoins can be acquired through budget-neutral mechanisms that “do not impose additional costs on taxpayers.”

Meanwhile, Anthony Pompliano said in an interview with CNBC that the market expects the government to take concrete steps.

Earlier, we reported that US lawmakers and 18 crypto industry leaders, including Strategy (formerly MicroStrategy) co-founder Michael Saylor and BitMine CEO Tom Lee, met to discuss the promotion of the BITCOIN Act.