Senator Cynthia Lummis stated at the 2025 Bitcoin Conference in Las Vegas on May 27 that multiple U.S. military generals support the idea of establishing a Bitcoin (BTC) reserve as a means to strengthen the country’s economic defense strategy.
Lummis mentioned that she had conversations about digital reserves with unidentified high-ranking officers who recognize that economic strength holds equal importance to military force when confronting global aggressors.
According to her remarks, the officers strongly support the idea of establishing a strategic Bitcoin reserve.
Proposed Legislation Seeks to Establish U.S. Bitcoin Reserve
On March 11, Lummis, along with five other Republican senators, reintroduced a bill proposing the addition of up to 1 million BTC to the U.S. Treasury over a five-year period.
The initiative came in response to President Donald Trump’s executive order, signed on March 7, which called for the creation of a strategic Bitcoin reserve and a digital asset stockpile.
Lummis positioned Bitcoin reserves as a natural extension of U.S. energy policy and industrial strength. She attributed the shift in global hash rate to North America to China’s 2021 mining ban and referenced Trump’s recent statement urging that “Bitcoin mining and America be made conjoined.”
She contended that combining federal Bitcoin accumulation with domestic mining efforts would provide the United States with a significant “geopolitical advantage.”
The Wyoming Republican compared the proposal to the U.S. gold reserves held at Fort Knox, pointing out that the country controls about 5% of the global gold supply and should aim to secure a similar proportion of Bitcoin.
Rising Demand at Sovereign and State Levels
Lummis emphasized the growing momentum at the state level for Bitcoin reserves, presenting these initiatives as a model the federal government should consider adopting.
This year, strategic reserve legislation was passed in Arizona and New Hampshire, while similar proposals were discussed by lawmakers in 30 other states. Although several states have temporarily set aside efforts to adopt Bitcoin, around 11 states continue to consider such legislation, with Texas currently leading in terms of progress.
She referred to the states as “incubators of innovation” and predicted that their initiatives would eventually push both Congress and the Treasury Department to take similar action.
Additionally, Lummis emphasized that rising global demand strengthens the argument for federal Bitcoin reserves. She highlighted the example of the United Arab Emirates, noting that the Abu Dhabi sovereign wealth fund, Mubadala, recently increased its Bitcoin exposure through U.S.-listed exchange-traded funds.
The senator also pointed out that the Czech National Bank is actively examining the inclusion of Bitcoin in its portfolio. She stated:
That’s good for America because they’re going to build their sovereign wealth in Bitcoin through an American ETF.
Lummis called on federal authorities to regard Bitcoin as “digital gold” instead of merely a speculative asset. She stressed the need to establish formal reserve policies before other countries secure larger portions of the limited 21 million-coin supply.
The senator concluded by emphasizing that energy-intensive proof-of-work mining, combined with a strategic Bitcoin reserve, would strengthen America’s position in both the monetary and industrial arenas. She noted that state-level initiatives have already laid out a clear framework the federal government could adopt and expand.
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