Senator Cynthia Lummis Says Funding for U.S. Strategic Bitcoin Reserve Can ‘Start Anytime’

Crypto-friendly U.S. Senator Cynthia Lummis has confirmed that the process of acquiring funds for the long-anticipated U.S. Strategic Bitcoin Reserve (SBR) could begin “anytime,” signaling growing momentum behind the initiative. However, she also acknowledged that legislative hurdles continue to slow progress.

In an X post on Monday, Lummis said that while it remains “a slog on the legislative side,” thanks to President Trump, “the acquisition of funds for an SBR can start anytime.” Her remarks came in response to a discussion between ProCap BTC Chief Investment Officer Jeff Park and Bitcoin advocate Anthony Pompliano, who recently spoke about the potential impact of a U.S. Bitcoin reserve.

The Case for a Strategic Bitcoin Reserve

In the shared clip, Park theorized that the U.S. government could potentially use its $1 trillion in paper gains from gold holdings to strategically invest in Bitcoin. With the federal debt nearing $37.88 trillion, Park argued that deploying even a fraction of those unrealized gold gains into Bitcoin would pose minimal fiscal risk while offering significant long-term upside.

“If you assume Bitcoin appreciates by around 12% annually, that would translate into roughly a 30x return over 30 years,” Park said, suggesting such gains could help offset a large portion of the U.S. fiscal deficit.

Responding to the idea, Lummis praised the concept as “a fabulous articulation of why the SBR and passing the BITCOIN Act makes so much sense.” The Wyoming senator, long known for her pro-Bitcoin stance, has consistently advocated for Bitcoin’s inclusion in America’s strategic asset framework, positioning it alongside traditional reserves such as gold.

Government Bitcoin Buys Could Be Next

Details about how the Strategic Bitcoin Reserve will be funded remain unclear. According to an official government fact sheet, the reserve will initially be capitalized with Bitcoin held by the U.S. Treasury, primarily assets seized through civil or criminal proceedings. Additional acquisitions may occur through budget-neutral mechanisms that would not impose extra costs on taxpayers.

It has been seven months since President Donald Trump signed the executive order establishing the SBR, yet the exact structure and timeline for its rollout remain uncertain.

Still, optimism is building in the crypto community. Speaking with CNBC over the weekend, Anthony Pompliano noted that the market is waiting for a pivotal moment: the U.S. government’s first official Bitcoin purchase.

“The initial reserve setup was good,” Pompliano said. “But the main event is when they start buying—and I think that will happen at some point.”