U.S. Senator Cynthia Lummis has confirmed that funding for the Strategic Bitcoin Reserve (SBR) could begin at any moment. According to her, the only thing holding back this process is legislative red tape that prevents a swift transition to the practical implementation of the project.
This is reported by Finway
Legal Preconditions and Initiatives for Creating the Reserve
Lummis expressed her position on platform X (formerly known as Twitter), emphasizing that the creation of the reserve became possible thanks to President Trump’s decision to sign an executive order in March 2025. Thus, the main legal preconditions have already been established, but practical implementation is still delayed due to the lengthy legislative process.
“Although this remains a slow process at the legislative level, thanks to President Trump, funding for the SBR could start at any time.”
The senator also commented on a video featuring ProCap BTC’s Chief Investment Officer Jeff Park and well-known Bitcoin advocate Anthony Pompliano. They discussed the potential for creating a government crypto reserve. Park suggested reinvesting $1 trillion of unrealized gains from gold into Bitcoin. In his view, such a strategy could significantly impact the U.S. budget, as considering a potential 12% annual increase in Bitcoin’s price, profits could grow thirtyfold over 30 years. Additionally, Park believes that this approach could help cover a substantial portion of the federal budget deficit, which currently exceeds $37.8 trillion.
Next Steps and Market Expectations
In response to this idea, Lummis emphasized that it is “a great explanation of why creating the SBR and passing the BITCOIN Act is such a smart move.” Recall that in July 2024, the senator introduced the BITCOIN bill, which proposes that the U.S. government purchase 1 million BTC over five years. This bill was again brought to the Senate for consideration in March 2025.
According to official government documents, the reserve will initially consist of Bitcoins owned by the U.S. Department of the Treasury, primarily confiscated in civil or criminal cases. In September, a legislative initiative was introduced in Congress that places the responsibility on the Treasury to prepare a report on the creation of the reserve within 90 days of the law taking effect. Further replenishment of the reserve is planned to be carried out through budget-neutral mechanisms that do not affect taxpayer expenditures.
Meanwhile, Anthony Pompliano noted in an interview with CNBC that the market is closely watching when the U.S. government will begin directly purchasing Bitcoin.
“The first thing everyone is paying attention to right now is the announcement that the U.S. government is starting to buy Bitcoin. Creating the reserve and allocating confiscated Bitcoins is just the first course. The main event is when the real purchases begin, and I think that will happen soon,” he said.
Previously, U.S. politicians and leading representatives of the crypto industry, including Strategy co-founder Michael Saylor and BitMine chairman Tom Lee, held meetings to promote the BITCOIN Act and the strategy for forming a government Bitcoin reserve.