Crypto-friendly U.S. Senator Cynthia Lummis has confirmed that funding for the long-awaited U.S. Strategic Bitcoin Reserve (SBR) “can start anytime,” even as lawmakers continue to navigate ongoing legislative hurdles.
In a recent post on X, Lummis described the process as a “slog” on the legislative side but credited “President Trump” for enabling the acquisition of funds to move forward.
Her comments came in response to a post by Jeff Park, chief investment officer at ProCap BTC, who shared a video with Bitcoin advocate Anthony Pompliano discussing the potential implications of the SBR initiative.
Park speculated about the impact if the U.S. government redirected some of its $1 trillion in paper gains from gold holdings into Bitcoin, a move that, if realized, could significantly shift global reserve dynamics.
The Strategic Bitcoin Reserve was first outlined in an executive order signed by President Donald Trump seven months ago.
Under the plan, the reserve will initially be capitalized using Bitcoin already owned by the U.S. Treasury, primarily from assets seized in criminal or civil cases.
Lummis clarified that future acquisitions would be executed through “budget-neutral avenues,” ensuring no additional financial burden on taxpayers.
According to the executive framework, the U.S. will not sell Bitcoin held in the reserve. Instead, the digital assets will be maintained as a long-term store of value within the nation’s reserve holdings.
Additionally, the Secretaries of Treasury and Commerce are authorized to design strategies for further accumulation, provided they remain cost-neutral for citizens.
The move marks a historic shift in U.S. monetary policy, positioning Bitcoin not merely as a speculative asset but as a recognized component of the country’s strategic reserves.
If executed, it could set a global precedent for sovereign Bitcoin adoption.