Senator Cynthia Lummis urges the U.S. to treat Bitcoin as digital gold and advocates for holding at least 5% of the global Bitcoin supply, similar to its 5% share of the world's gold reserves.
Several U.S. states, including Arizona, Texas, and New Hampshire, are leading in Bitcoin policy innovation by passing legislation to establish strategic Bitcoin reserves by 2025, with more than 30 states considering similar proposals.
International momentum for sovereign Bitcoin holdings is rising, with countries like the United Arab Emirates acquiring Bitcoin through U.S.-based exchange-traded funds and European central banks exploring Bitcoin for diversified asset allocations.
While praising state-level initiatives, Senator Lummis calls for federal action to include Bitcoin in the nation's strategic reserves to ensure U.S. competitiveness in the evolving global financial landscape, emphasizing the importance of treating Bitcoin like digital gold.