- Senator Lummis pushes for a U.S. Bitcoin reserve to stay ahead in financial innovation.
- The Czech Republic plans to add Bitcoin to national reserves, leading Western Europe.
- Trump’s executive order supports a digital asset reserve, boosting innovation.
U.S. Senator Cynthia Lummis has renewed calls for a Strategic Bitcoin Reserve (SBR), arguing that Bitcoin (BTC) could serve as a hedge against inflation and financial instability. In a post on X (formerly Twitter), she confirmed that holding public hearings on the proposal remains a top priority.
Her push for a Bitcoin reserve comes as the Czech Republic considers adding BTC to its national reserves. Czech National Bank Governor Aleš Michl revealed that the country might invest up to 5% of its €140 billion ($145.6 billion) reserve in Bitcoin—making it the first Western European nation to do so.
Related: Czech National Bank Proposes 5% Bitcoin Allocation to Diversify Reserves
Lummis Pushes for U.S. Leadership in Bitcoin Adoption
Senator Lummis argues that the United States must act fast to stay ahead in digital asset adoption. She believes delaying action could leave the country trailing behind as other nations integrate Bitcoin into their financial strategies.
Her efforts align with her role as chair of the Senate Banking Subcommittee on Digital Assets, where she is working on legislation to establish a clear regulatory framework for crypto assets.
Related: Senator Lummis Advocates for Bitcoin Reserve to Address $35 Trillion US National Debt
Trump’s Executive Order Could Boost Crypto Adoption
On January 23, 2025, President Donald Trump issued an executive order aimed at reinforcing U.S. leadership in digital finance. The directive acknowledges the growing importance of digital assets and outlines plans to explore a national digital asset reserve, which could include Bitcoin.
The order also establishes a working group tasked with assessing the potential benefits and risks of a federal digital asset reserve. Public hearings and expert consultations will play a key role in shaping the initiative.
Additionally, the order commits to curbing regulatory overreach, addressing concerns from industry leaders who argue that previous administrations stifled crypto innovation.
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