On May 21, 2025, Senator Cynthia Lummis reinforced her advocacy for Bitcoin adoption, stating, "Americans are ready to upgrade our reserves." Her comments followed a survey by the Nakamoto Project, which polled 3,345 Americans about replacing portions of the U.S. gold reserve with Bitcoin. The results showed 80% support for the idea.
JUST IN: Senator Lummis declares public readiness to transition from gold to #Bitcoin reserves.
Texas Leads with Historic Bitcoin Reserve Legislation
Texas recently approved Senate Bill 21, establishing the Texas Strategic Bitcoin Reserve—a move that positions Texas as the third U.S. state (after New Hampshire and Arizona) to formalize Bitcoin holdings. The bill permits direct state investments into Bitcoin, coinciding with BTC’s surge past $109,000, a new all-time high.
U.S. Government’s Bitcoin Holdings
In March 2025, an executive order by former President Donald Trump mandated the creation of a Strategic Bitcoin Reserve (SBR) using government-held or seized BTC (currently ~200,000 BTC). While aimed at economic stability, the order omitted provisions to acquire additional Bitcoin, disappointing some investors.
Senator Lummis’s remarks highlight growing public trust in Bitcoin as a reserve asset.
FAQ: Bitcoin Reserves and Policy
Q: Why replace gold with Bitcoin?
A: Proponents argue Bitcoin offers scarcity, transparency, and decentralization, unlike traditional assets.
Q: Which U.S. states have Bitcoin reserves?
A: Texas, New Hampshire, and Arizona have enacted laws to hold Bitcoin as part of state reserves.
Q: How does the U.S. government acquire Bitcoin?
A: Primarily through seizures in law enforcement actions (e.g., Silk Road) and existing holdings.
👉 Learn more about Bitcoin reserves
Key Takeaways:
- Public sentiment favors Bitcoin over gold for national reserves.
- Texas joins two states in legislating Bitcoin reserves.
- U.S. Strategic Bitcoin Reserve leverages existing holdings but lacks expansion plans.
Note: This content is for informational purposes only and does not constitute financial advice.
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