Senator Lummis Bets on Gold Surge to Propel US Bitcoin Supremacy

Washington’s latest power play? Turning bullion into rocket fuel for crypto dominance.

Senator Cynthia Lummis just unveiled a bold strategy to leverage gold’s value—not to shore up the old system, but to catapult Bitcoin into mainstream finance. Because nothing says ‘21st century monetary policy’ like using medieval-era assets to boost digital currencies.

The Gold-to-Crypto Pipeline

Forget boring reserve requirements. Lummis’ plan would use gold’s stability as a springboard for Bitcoin adoption—creating a bridge between Boomer-era safe havens and decentralized finance. Wall Street analysts are already calling it ‘alchemy 2.0’ (though with fewer philosopher’s stones and more SEC filings).

Why This Changes Everything

If successful, the US could effectively corner the Bitcoin market while other nations waffle on regulation. The irony? Using the ultimate ‘old money’ asset to secure America’s crypto future—because even revolutions need funding.

One hedge fund manager quipped: ‘Finally, a government plan involving gold that doesn’t involve burying it in a mountain.’ The markets? They’re watching. The Fed? Probably sweating. Bitcoin? Just hit another ATH.

Gold Revaluation Plan Seeks to Unlock Reserve Growth

Senator Lummis, a Wyoming Republican, is promoting the BITCOIN Act to support strategic cryptocurrency growth without adding national debt. She proposes revaluing America’s gold reserves to their market price and using the difference to grow the SBR. The plan does not involve new spending, tax hikes, or borrowing.

In a statement, Lummis said,

“We cannot save our country from $37 trillion debt by purchasing more Bitcoin.” She added, “We can revalue Gold reserves to today’s prices and transfer the increase in value to build SBR.”

This would provide a financial tool to support US bitcoin dominance without taxpayer burden.

.@SecScottBessent 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.

— Senator Cynthia Lummis (@SenLummis) August 14, 2025

Revaluation could unlock hundreds of billions of dollars in accounting value held in gold. That surplus could then be shifted into Bitcoin holdings. This bypasses limits tied to court-forfeited digital assets.

Seized Bitcoin Constraints Slow Treasury Strategy

Treasury Secretary Scott Bessent confirmed the department will not acquire Bitcoin through purchases for the SBR. Instead, per President Trump’s executive order, only Bitcoin seized and legally forfeited will FORM the reserve’s base. This leaves the Treasury dependent on a small portion of total government-held Bitcoin.

According to on-chain data, only about 15% of seized Bitcoin is legally forfeited. The rest is held pending court decisions or possible claims from private owners. This bottleneck prevents rapid reserve growth and delays efforts to boost US Bitcoin dominance.

Bessent stated, “Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve.” However, the current legal process hinders those goals. Lummis’ gold-backed model could provide a solution.

Lawmakers Look for Budget-Neutral Crypto Expansion

Lummis showed interest in coordinating reserve-building strategies with Bessent and Commerce Secretary Howard Lutnick. She emphasized finding ways to enhance US Bitcoin dominance without inflating the federal deficit. The BITCOIN Act may become the legislative foundation for that strategy.

Using revalued gold as collateral WOULD let the government acquire Bitcoin without new taxpayer obligations. This move would mark a unique shift in national fiscal strategy and could signal a long-term pivot toward a crypto-forward monetary policy.

If adopted, the BITCOIN Act would represent the first modern use of gold revaluation to fund crypto holdings. It aims to reinforce America’s role as the global leader in Bitcoin. Supporters argue this plan aligns national strength with the rise of digital assets.