PanAsiaBiz Editorial | Washington, D.C. | July 26, 2025 – U.S. Senator Cynthia Lummis reaffirmed her long-standing support for Bitcoin, calling it the cornerstone of financial independence in a rapidly evolving economic landscape.
“A person can truly be a sovereign individual if they own Bitcoin. It is digital gold,” said Lummis at the American Sound Money Policy Forum this week.
Her comments bolster a growing wave of bipartisan momentum behind the U.S. Strategic Bitcoin Reserve Initiative, a proposed effort to acquire up to 1 million BTC over five years , roughly 5% of global supply.
Bitcoin is freedom money and will make life better for every American.
Easier, faster, and cheaper transactions. pic.twitter.com/pIHq6kWsU1
— Senator Cynthia Lummis (@SenLummis) July 25, 2025
Why It Matters: Bitcoin as a National Hedge
The proposal, endorsed by pro-crypto lawmakers and economists, aims to hedge against currency debasement, growing national debt, and central bank instability.
Lummis emphasized that Bitcoin’s decentralization offers Americans protection from institutional overreach while preserving long-term purchasing power.
- 1M BTC Reserve Plan: Estimated cost of acquisition to be offset via partial liquidation of U.S. gold reserves.
- Inflation Pressure: Rising consumer prices and unfunded liabilities have prompted policymakers to explore alternative stores of value.
From Frontier Tech to Public Policy
Lummis, who represents Wyoming — the nation’s first pro-crypto regulatory sandbox state — has championed blockchain innovation since 2020. Her advocacy includes:
Crypto Bank Charters: Supporting digital asset banking infrastructure.
Education Grants: Funding programs for digital literacy in underbanked communities.
Regulatory Frameworks: Crafting legislation that clarifies Bitcoin’s status as a commodity.
“Bitcoin is transforming not only our country, but the world. Becoming the first developed nation to use Bitcoin as a savings technology secures our position as a global leader in financial innovation.”
What’s Next?
The Strategic Bitcoin Reserve Act is slated for committee debate this fall, with support from industry leaders, hedge fund managers, and tech entrepreneurs.
Analysts expect the legislation to spark broader interest in blockchain-based monetary policy worldwide.