Senator Cynthia Lummis is making a historic push to include Bitcoin in the US financial reserves, a move that could reshape national economic policy. On March 11, she will meet with industry leaders in Washington, D.C., to discuss a potential US Bitcoin reserve, signaling growing momentum for Bitcoin adoption at the national level.
The idea of a US Bitcoin reserve has been circulating in policy discussions for some time, but recent developments suggest it is gaining traction within government circles.
During a CNBC Fast Money interview, Bitwise CEO Hunter Horsley revealed that Lummis is actively working on a Bitcoin reserve bill and has invited top financial and crypto industry leaders to discuss its implications.
“It’s one of the items to evaluate. That was in Trump’s executive order shortly after he was inaugurated. It’s one of the items on Treasury’s agenda,” Horsley said.
While details of the proposed legislation remain under wraps, the fact that senior executives and policymakers are gathering to deliberate on the issue signals its growing importance on the national agenda.
Why Bitcoin as a Strategic Reserve?
Lummis’s push for a US Bitcoin reserve follows a global trend of sovereign wealth funds and governments gaining Bitcoin exposure:
- Abu Dhabi’s Mubadala Investment Company recently disclosed a $437 million investment in BlackRock’s Bitcoin ETF.
- At least 11 countries now hold some level of Bitcoin exposure, reinforcing BTC’s role as a strategic asset.
- Bitcoin’s growing reputation as ‘digital gold’ has led to increased discussions about hedging national reserves with crypto.
“Believe it or not, it’s very real,” Horsley said, emphasizing that Bitcoin adoption at the government level is no longer just a theoretical discussion.
An Entry Point for Institutional Investors?
Bitcoin has seen significant price fluctuations in recent weeks, dipping below $80,000 for the first time since November amid macroeconomic uncertainty.
Horsley, however, believes the volatility presents a key opportunity for institutional investors.
“Historically, the first quarter has been the best time for investors to enter the Bitcoin market,” he noted, pointing to an increasing number of asset managers, banks, and wealth funds positioning themselves in Bitcoin ETFs.
He also referenced the price drop following the ETF approvals, when BTC fell from $46,000 to $39,000, only to rebound to new all-time highs.
“There’s never been a better time for this asset class,” Horsley said, reinforcing Bitcoin’s resilience in long-term investment strategies.
The Biggest Factor Driving Bitcoin’s Future
Beyond price action, Horsley highlighted the ongoing shift in regulatory sentiment as the most important story in crypto today.
Since Trump’s inauguration, the White House, Congress, and the SEC have taken a noticeably softer stance on digital assets:
- The SEC has dismissed enforcement cases against Coinbase and Uniswap.
- Pro-crypto voices in Washington, D.C., are gaining influence.
- The perception of Bitcoin as a legitimate financial asset is growing within the traditional banking sector.
The Road to a US Bitcoin Reserve
While the March 11 meeting is not expected to result in an immediate policy decision, it represents a crucial milestone in the broader debate over Bitcoin’s role in national financial policy.
Potential next steps include:
- The formal introduction of Lummis’ Bitcoin Reserve Bill in Congress.
- Further discussions on state-level Bitcoin reserve strategies.
- Increased institutional and government engagement in Bitcoin ETFs.
Final Takeaway
With Senator Lummis leading the charge, Bitcoin is closer than ever to being recognized as a legitimate reserve asset in the US financial system. With regulation shifting and institutional interest growing, Bitcoin is on the brink of mainstream adoption. The March 11 meeting could be the tipping point.
