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Senator Lummis Doubles Down: Bitcoin Act Remains America’s Crypto Blueprint

Senator Lummis Doubles Down: Bitcoin Act Remains America’s Crypto Blueprint

Author:
Newsbtc
Published:
2025-08-15 10:00:50
9
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Bitcoin just got a political stamp of approval—again. Senator Cynthia Lummis reaffirmed the Bitcoin Act as the U.S. regulatory playbook, signaling Washington’s slow-but-steady embrace of crypto. Here’s why it matters.

### The Policy Punch

No vague promises or bureaucratic waffling. Lummis’s statement cuts through the noise: the Bitcoin Act isn’t just alive—it’s the framework. Forget Wall Street’s tokenized ETFs; this is about rewriting the rules.

### Why TradFi Should Sweat

Legacy finance loves to ‘innovate’ at a glacial pace. Meanwhile, Bitcoin bypasses their red tape. The Act’s clarity? A rare win for crypto—and a quiet nightmare for banks still charging $30 wire fees.

### The Bottom Line

Washington’s playing catch-up, but at least they’re on the field. Whether this speeds up adoption or just gives politicians something to tweet about? That’s the real volatility.

Bitcoin Act Is Still The Way Forward

Lummis, chair of the Senate Banking Subcommittee on Digital Assets, seized the moment to underline the fiscal constraint. “Secretary Scott Bessent is right: a budget-neutral path to building SBR is the way. We cannot save our country from $37T debt by purchasing more bitcoin, but we can revalue Gold reserves to today’s prices & transfer the increase in value to build SBR. America needs the BITCOIN Act.” In a separate reply to Bessent, she added: “I have a ₿ill for that.”

Her posts also flagged ongoing work “with Scott Bessent & Howard Lutnick to identify budget-neutral ways to continue growing our bitcoin reserve & outpacing adversaries in the race.”

The legal and administrative scaffolding for a Strategic Bitcoin Reserve was set five months ago. On March 6, President Trump signed an executive order creating the SBR and a separate US Digital Asset Stockpile, directing agencies to capitalize the reserve with Bitcoin “finally forfeited” to the government and to develop budget-neutral strategies for further acquisition.

Lummis’s “BITCOIN Act” WOULD take that framework from executive policy to statute and goes considerably further. The latest text lays out a five-year purchase program authorizing up to 200,000 BTC per year—1,000,000 BTC in total—paired with a 20-year minimum holding period and a quarterly, public cryptographic proof-of-reserves regime.

Where Bessent’s remarks intersect—and diverge—with that legislative ambition is gold. In March, he downplayed a formal revaluation of US gold as a credible budget lever, even as the broader policy conversation around the asset side of the federal balance sheet intensified. On Thursday, Bessent told Fox Business that a gold revaluation is “unlikely.” Lummis, by contrast, is explicitly proposing to mark gold to market in order to seed the SBR without new borrowing—an idea that has migrated from think-piece fodder to bill text but still faces macro, legal, and central-bank-independence scrutiny.

The bottom line is that Thursday did not mark a policy reversal so much as a restatement of sequencing. The executive branch will build the Strategic Bitcoin Reserve first with finally forfeited coins and, per Bessent’s clarification, is actively evaluating budget-neutral ways to expand it.

At press time, BTC traded at $118,751.

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