Senator Lummis Advocates for U.S. Bitcoin Purchase

Senator Lummis suggests the U.S. should buy Bitcoin to shift global competition from weapons to digital asset dominance.
The proposed U.S. Bitcoin reserve could influence China and Russia, sparking a new geopolitical race in crypto adoption.

Senator Cynthia Lummis has made waves again for advocating that the United States purchase Bitcoin as part of a geopolitical strategy. She claimed the action may be a useful weapon to “scare” China and Russia, therefore transforming the worldwide competition from a weapons race to digital asset dominance.

> 🇺🇸 Senator Lummis says the U.S. buying #Bitcoin will intimidate China and Russia, shifting the arms race from weapons to BTC.
> GLOBAL FOMO IS BULLISH! 🚀 pic.twitter.com/YTbNLuE3Fb
> — Crypto Rover (@rovercrc) March 3, 2025

From Weapons to Bitcoin: Senator Lummis’ Views

Lummis stated in an interview that the ownership of Bitcoin by the U.S. government might alter world dynamics. Should nations like China and Russia see the United States amassing significant Bitcoin reserves, they could be driven to follow suit.

This might initiate a new chapter in the superpower race—competing over who possesses the most valuable digital asset instead of the most missiles or warships.

Lummis also suggested building a strategic Bitcoin reserve under Treasury Department and Federal Reserve oversight. Over the next five years, one million Bitcoins would be purchased under this scheme, with holdings required to be retained for a minimum of two decades.

Although this idea has generated controversy, many organizations embracing Bitcoin as a hedge against inflation and dollar devaluation have supported it.

Trump and the U.S. Crypto Reserve

On the other hand, CNF previously reported that U.S. President Donald Trump has officially declared plans to set up a U.S. Crypto Reserve. This project will include Bitcoin and various other significant digital assets, such as Ethereum, XRP, Solana, and Cardano.

Following the observation of other nations beginning to implement blockchain technology in their financial systems, Trump seems to adopt a more pro-crypto stance.

Under this calculated move, the White House will host the first White House Crypto Summit on March 7, 2025. President Trump will lead this gathering, which aims to address future U.S. policies on digital assets.

Around 25 crypto industry luminaries, including well-known investors and blockchain company CEOs, will attend. Members of the President’s Working Group on Digital Assets will also participate, demonstrating the government’s seriousness in addressing this matter.

Bitcoin as a Geopolitical Tool: Opportunity or Risk?

If Bitcoin becomes part of a nation’s reserves, some economists and market professionals worry that its volatility could jeopardize economic stability. Additionally, Bitcoin’s decentralized nature might lead to legal conundrums regarding the government’s asset management and supervision.

Nonetheless, advocates view this proposal as a fantastic opportunity. They believe the U.S. could enhance its global economic position by holding Bitcoin reserves. This could also accelerate the broader adoption of cryptocurrency, as the government itself would serve as a model in managing digital assets.

The debate over Bitcoin’s inclusion in U.S. strategic policy remains ongoing. Many are seeking clearer answers about the direction of digital assets as the White House Crypto Summit approaches. Will the U.S. acquire Bitcoin in significant amounts, or is this simply political rhetoric without action?