Cynthia Lummis Claims US Military Officials Back Bitcoin as a Reserve Asset

U.S. Senator Cynthia Lummis recently expressed that American military leaders are strong proponents of a strategic reserve of Bitcoin.

During her recent address at the Bitcoin 2025 event in Las Vegas, the Wyoming representative shared her insights.

### Economic Power and Security

Lummis noted that conversations with military generals revealed their perspective that economic strength is as vital as military might in addressing global threats. This belief underpins their endorsement of her initiative.

While speaking, she also indicated that former President Donald Trump is in favor of her Strategic Bitcoin Reserve Act. This statement follows the recent reintroduction of a proposal by her and five other senators to incorporate up to 1 million BTC into the U.S. Treasury over a five-year period.

Describing Bitcoin as “digital gold,” Lummis advocated for the U.S. to adopt a similar strategy with its cryptocurrency holdings as it has with gold. She emphasized, “We currently hold about 5% of the world’s gold in our reserves; we should aim to hold at least 5% of the world’s Bitcoin as well.”

Lummis connected her proposal to the energy and industrial policies of the U.S., crediting China’s 2021 ban on Bitcoin mining for the transfer of mining operations to North America. She highlighted a recent statement by Trump that encouraged the integration of energy strategies with Bitcoin. In her view, establishing a national Bitcoin reserve would be crucial for securing a geopolitical edge.

### State-Level and Global Initiatives

The senator observed increasing interest in Bitcoin reserves at the state level, referring to states as “incubators of innovation,” with the U.S. taking the lead. She pointed out that 30 states are contemplating this initiative in the current year.

She specifically mentioned that Arizona, Texas, and New Hampshire are making notable legislative progress in 2025 to recognize the cryptocurrency as a strategic asset.

New Hampshire has passed House Bill 302, enabling the allocation of 5% of its funds into BTC for diversification purposes. Arizona’s House Bill 2749 has set up a Bitcoin reserve funded by unclaimed assets and staking rewards, rather than via direct state investment. Texas is moving forward with Senate Bill 21, aimed at establishing a state-managed Bitcoin reserve stored securely in cold storage.

Additionally, Lummis highlighted that this movement is gaining traction on a global scale. For instance, the United Arab Emirates is gaining exposure to Bitcoin through American spot BTC exchange-traded funds.

Another example she cited is the Czech Republic, which is investigating how to incorporate digital assets into its diversified asset strategy through its central bank.