Official records from the US Senate

Senator Lummis Predicts 2025 as Pivotal Year for Bitcoin, Proposes 1 Million BTC Reserve

Dec 17, 2024, 08:09 PM

Senator Cynthia Lummis has expressed optimism about the future of Bitcoin and digital assets, predicting that 2025 will be a pivotal year for these technologies. She met with David Sacks, President Trump's newly appointed Crypto Czar, to discuss her Strategic Bitcoin Reserve bill, which aims to establish a reserve of 1 million BTC. Lummis also plans to collaborate with Sacks to push for comprehensive digital asset legislation. This comes as the incoming Chair of the Senate Banking Committee, Senator Tim Scott, has described cryptocurrency as the 'next wonder' of the world, indicating a supportive stance towards blockchain technology and cryptocurrency from the new administration, which Lummis believes will be the most pro-digital asset administration ever.