Senator Cynthia Lummis is a leading advocate for Bitcoin in the U.S., representing Wyoming. She promotes the integration of Bitcoin into national economic policy, notably through her Bitcoin Strategic Reserve initiative aimed at boosting financial stability. Recently, she became chair of the Senate Banking Subcommittee on Digital Assets, a crucial role for shaping Bitcoin regulations.
At the upcoming Bitcoin 2025 event, Lummis will address Bitcoin’s significance in financial reserves and U.S. policy. Ticket prices will increase soon, but a Valentine’s Day discount is available with the code BTCBAY.
Lummis expressed surprise when President Trump endorsed the Bitcoin Strategic Reserve before her speech, signaling a shift in policy discussions. Trump has continued to support Bitcoin, even suggesting a sovereign wealth fund based on it.
She is also leading a new Senate subcommittee focused on digital assets. While key figures like Chairman Tim Scott and the Treasury Secretary recognize the importance of digital assets, many lawmakers still need education on Bitcoin. To tackle this, Lummis is prioritizing a stablecoin bill to pave the way for broader digital asset legislation.
A significant challenge for Bitcoin businesses is Operation Chokepoint 2.0, where financial institutions are pressured to sever ties with crypto companies. Lummis is advocating in the Senate to investigate these actions and protect against future disruptions.
Regarding the Bitcoin Strategic Reserve, discussions are ongoing about potential executive action from Trump if Congress resists. The U.S. government currently holds around 200,000 BTC from asset seizures, managed by the U.S. Marshals. Lummis proposes transferring these holdings to the Treasury to establish the Bitcoin reserve and is considering revaluing outdated U.S. gold certificates into Bitcoin.
State-level initiatives are also emerging, with Pennsylvania, Texas, and Wisconsin exploring state-based Bitcoin reserves. Internationally, countries like the UAE are investigating similar strategies, highlighting Bitcoin’s growing global interest as “digital gold.”
By Bitcoin 2025, Lummis anticipates significant progress. With regulatory challenges being addressed and state-level reserves advancing, Bitcoin’s role in the global financial system is expected to strengthen.
