US Senator Cynthia Lummis has confirmed that funding for the Strategic Bitcoin Reserve (SBR) could begin at any moment. However, the practical start of the initiative is delayed due to difficulties in navigating legislative procedures.
This is reported by Business • Media
Legal Preconditions and Lummis’s Position
The legislative foundations for the creation of the SBR were laid after President Donald Trump signed the relevant decree in March 2025. At the same time, Senator Lummis emphasized that the implementation process is being hindered by “legislative red tape,” despite the legal mechanisms already being in place. In her post on the X platform (formerly Twitter), she highlighted:
“While this remains a slow process at the legislative level, thanks to President Trump, funding for the SBR could start at any time.”
Lummis commented on a video by ProCap BTC’s investment director Jeff Park, in which he discussed options for creating a government crypto reserve alongside well-known crypto enthusiast Anthony Pompliano.
Investment Strategies and Market Expectations
Jeff Park proposed that the US government reinvest $1 trillion in unrealized gains from gold into Bitcoin. In his view, this strategy would allow the government to achieve long-term profits and potentially offset a significant portion of the federal budget deficit, which currently exceeds $37.8 trillion. According to Park, if Bitcoin grows by 12% per year, the profits could exceed 30 times the initial investment over 30 years.
Anthony Pompliano noted in his appearance on CNBC that the market is expecting specific actions from the US government regarding Bitcoin purchases:
“The first thing everyone is paying attention to right now is the announcement that the US government is starting to buy Bitcoin. Creating a reserve and placing confiscated Bitcoins is just the first course. The main event is when real purchases begin, and I think that will happen soon,” he said.
The establishment of the SBR and the passage of the BITCOIN bill, according to Lummis, are strategically important steps for the future of the US financial system.
It is worth noting that in July 2024, Cynthia Lummis presented the BITCOIN bill, which proposes that the government purchase 1 million BTC over five years. This document was brought before the Senate for consideration again in March 2025.
According to official government documentation, the initial reserve will be formed from Bitcoins owned by the US Department of the Treasury, primarily confiscated during civil or criminal proceedings. In the future, new assets are planned to be purchased through budget-neutral mechanisms that do not increase the burden on taxpayers.
In September, a legislative initiative was submitted to Congress requiring the Treasury to prepare a report on the creation of the Bitcoin reserve within 90 days after the relevant bill comes into effect.
Earlier, a meeting took place between US legislators and 18 representatives from the crypto industry, including Michael Saylor (Strategy) and Tom Lee (BitMine), where they discussed the prospects and further advancement of the BITCOIN bill.