U.S. Armed Forces Endorse Digital Cryptocurrency Depository to Compete with China, Claims Senator Lummis
Unleashing the Bitcoin Behemoth: Politician Claims Military Backing
Senator Cynthia Lummis (R-Wyo.) has declared that elements within the US military factions, particularly in Southeast Asia, back plans for a Strategic Bitcoin Reserve (SBR). In an exclusive interview with Bloomberg Television, Lummis asserted that this is the first instance of a sitting lawmaker endorsing high-level military endorsement for the SBR project.
Bitcoin Standoff: United States vs China
"We find resonance among military generals, especially in Southeast Asia, who believe that strategic Bitcoin reserves safeguard our economic survival in the ongoing fight with China," Lummis commented late on Tuesday. "Look to our military leadership for support in establishing a Strategic Bitcoin Reserve."
Lummis maintains her ambition to accumulate a million BTC, constituting about 5% of the current supply, and hoard it for two decades. "I aim to eliminate half of our national debt," she declared. Her initial funding for this endeavor would be derived from Bitcoin already in federal custody. "The smart move would be to channel the money controlled by the US Marshals Service—seized assets in digital form—to initiate a strategic Bitcoin reserve in its first year."
Currency Wars: Past and Present
Two months prior, President Donald Trump issued Executive Order 14233, creating a SBR bolstered with all Bitcoin forfeited in federal cases and directing agencies to move their holdings into Treasury-run cold wallets.
As the House and Senate mull over companion "BITCOIN Act" bills, seeking to enshrine the SBR in law and authorize additional purchases with zero extra costs for taxpayers, Lummis recognizes that legislative action to further finance or expand the reserve directly might not surface in this term.
Crypto Czar and the BITCOIN Act
"Regretfully, I don't expect the BITCOIN Act to become law in 2025, given that our pressing priority is the reformation of the market structure," Lummis said, pointing to the upcoming battle over jurisdictional boundaries between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
The Dying Dollar and the Rising Crypto
Addressing concerns about the potential displacement of gold reserves by Bitcoin, Lummis clarified that she has never advocated for disposing of gold holdings. Instead, she would reevaluate Treasury's 1934-vintage gold certificates at market prices and exchange their value for Bitcoin.
In response to JPMorgan Chase CEO Jamie Dimon's plea for Washington to pile up "bullets, drones, and rare earths" rather than Bitcoin, Lummis countered: "Even the United States military concurs with a different viewpoint... We need to gird ourselves for a traditional conflict, but we require both."
Remarkably, Lummis insists that the SBR should be Bitcoin-exclusive. "Bitcoin is an asset validated by proof-of-work," she opined, showing a lack of interest in diversifying into proof-of-stake assets or stablecoins at the sovereign-reserve level.
As of this writing, Bitcoin trades at $105,494.
Background Checks:As of June 2025, the United States has set up a "Bitcoin Strategic Reserve" through executive action. In March 2025, the President signed an executive order recognizing Bitcoin as a national strategic asset, making it the first digital asset to be integrated into the national reserve system alongside traditional assets like gold. This policy shift marks an attempt to clarify digital asset regulation, cultivate innovation, and fortify American dominance in digital financial technology[2][5][3]. The reserve's establishment was backed by additional administrative actions, including the appointment of a "crypto czar" and the creation of a presidential Working Group on Digital Asset Markets[2].
The key aspects of the Strategic Bitcoin Reserve (SBR) include:
- Legal Base: The reserve was established through an executive order (initially referred to as EO 14178 and later revisions) that embodied a pro-cryptocurrency approach and revoked earlier Biden-era crypto directives[2][5].
- Reserve Structure: The reserve aims to function as a "digital Fort Knox," with ongoing deliberations on governance, storage procedures, and transparency guidelines[2].
- Impact: The policy change has resulted in increased global demand for Bitcoin, substantial price growth, and greater Bitcoin integration into institutional investment portfolios[5].
Although there is no documented military involvement or specific statements from Senator Lummis regarding military support for the SBR, details about this aspect have not been extensively covered in current sources[4]. If military backing is indeed part of the equation, it remains to be explicitly communicated.
"Senator Lummis believes that elements within Southeast Asian military factions could support the establishment of a Strategic Bitcoin Reserve (SBR), suggesting a potential intersection between technology, finance, and business in the ongoing fight between the United States and China."
"In her ambition to bolster the SBR, Senator Lummis plans to use Bitcoin already in federal custody, which she believes can be a smart move towards financing the reserve and potentially reducing national debt, highlighting the involvement of technology and finance in this endeavor."
