Senator Cynthia Lummis has confirmed that the funding for the American strategic reserve of Bitcoin can begin immediately. According to Cointelegraph, the Republican from Wyoming stated on Monday that President Trump had allowed the acquisition of funds to start at any time. However, legislative processes continue to delay the actual launch.

Lummis made her comments on X in response to Jeff Park, director of investments at ProCap BTC. Park mentioned the use of 1 trillion dollars in latent gains from gold holdings to invest in Bitcoin. The senator called this approach a compelling argument in favor of the adoption of the BITCOIN Act. She described it as excellent reasoning for establishing the reserve program.

The U.S. government currently holds approximately 198,000 Bitcoin from criminal and civil asset seizures. Trump signed an executive order in March 2025 establishing the Bitcoin Strategic Reserve. This order consolidates the seized Bitcoin under the control of the Department of the Treasury. The initial capitalization uses assets already held by federal agencies through legal confiscations.

The momentum at the state level strengthens the plans of the Federal Reserve
The Strategic Reserve of Bitcoin represents a major shift in American cryptocurrency policy. Lummis introduced the BITCOIN Act legislation in March 2025 with five co-sponsors. The bill proposes the acquisition of 1 million Bitcoin over five years using budget-neutral financing methods. This would give the United States about 5% of the total Bitcoin supply.

We reported in February that fifteen U.S. states have begun pursuing their own legislation regarding Bitcoin reserves. Pennsylvania led the movement by introducing the first state bill in November 2024. States like Texas, Wyoming, and Arizona have since advanced similar measures. This parallel activity at the state level demonstrates growing political support for government holding of Bitcoin.

The concept of the federal reserve addresses concerns about previous Bitcoin sales that cost taxpayers over $17 billion. Anthony Pompliano stated on CNBC that he expects the government to announce Bitcoin purchases soon. He views the actual buying activity as the "main course" rather than just the consolidation of existing holdings. Market participants are closely watching this key announcement.

Global competition accelerates the implementation of the reserve
The Bitcoin reserve initiative reflects broader competition among nations seeking to take the lead in cryptocurrencies. According to Cointelegraph, developments in policies regarding Bitcoin reserves and stablecoins have become the main drivers of the 2025 market cycle. These policy changes could push Bitcoin above $150,000 under favorable economic conditions.

Several countries are exploring similar reserve strategies following the American announcement. The Czech National Bank revealed in January 2025 its intention to study the allocation of Bitcoin in its reserves. Kyrgyzstan proposed legislation in August to establish a national cryptocurrency reserve. Pakistani officials met with Bitcoin advocates to discuss the economic growth potential of such programs.

The competitive dynamic creates an urgency for American implementation to maintain a first-mover advantage. The fixed supply of Bitcoin at 21 million coins means that early accumulation by the government offers strategic positioning. Large-scale sovereign purchases could significantly drive up prices due to increased demand. However, critics question the relevance of Bitcoin, due to its volatility, for government reserves.

The reserve faces both political support and skepticism in Congress. Some legislators argue that it offers no clear benefits to taxpayers given the risks of the cryptocurrency market. Others see it as a necessity to maintain American competitiveness in digital finance. The administration must balance these competing perspectives while developing specific operational details. The coming months will determine whether legislative support materializes for active Bitcoin acquisition programs.