Cynthia Lummis Says U.S. Strategic Bitcoin Reserve Fundraising Could Start Anytime Despite Legislative Slog

The Strategic Bitcoin Reserve can begin acquiring funds now, but legislative processes are delaying action; Senator Cynthia Lummis says capitalizing the SBR depends on Congress finalizing budget-neutral mechanisms and Treasury ￰0￱ is the current bottleneck for SBR ￰1￱ funding will come from Bitcoin seized by the Department of the Treasury and additional budget‑neutral ￰2￱ paper gains in gold (reported at roughly $1 trillion) are being discussed as a potential lever to acquire ￰3￱ Bitcoin Reserve news: Cynthia Lummis confirms SBR funding can start now but waits on legislation — read the latest update and next steps. Crypto-friendly US Senator Cynthia Lummis said fundraising for a Strategic Bitcoin Reserve is mainly being held back by legislative “slog.” Cynthia Lummis , a long-time crypto supporter in the U.

S. Senate, confirmed that the Strategic Bitcoin Reserve (SBR) could begin acquiring funds immediately, but implementation is constrained by legislative ￰4￱ comments follow public discussion among industry figures about budget-neutral funding mechanisms for the ￰5￱ an X post, Lummis noted legislative “slog” as the primary impediment, while saying that actions initiated under President Trump’s Executive Order have cleared a path for the SBR to be capitalized when lawmakers finalize the ￰6￱ statement responds to a discussion by ProCap BTC CIO Jeff Park and industry advocate Anthony Pompliano about potential funding sources and fiscal ￰7￱ Lummis’ latest comments on the SBR.), expect a formal announcement when purchase mechanics and funding are ￰8￱ statements from officials and investors indicate three signals to watch: (1) Treasury guidance on seized-asset transfers, (2) Congressional passage of budget-neutral mechanisms, and (3) an official purchase announcement with execution ￰9￱ summary of fiscal figures Item Reported Value Estimated ￰10￱ debt $37.88 trillion (public figure cited) Reported paper gains in ￰11￱ holdings ~$1 trillion (discussion point) Initial SBR capitalization Seized Bitcoin held by the Department of the Treasury How could the SBR impact fiscal policy and markets?

Proponents argue that a budget-neutral SBR could provide a new asset allocation for government holdings, potentially reducing exposure to traditional liabilities if executed with transparent ￰12￱ note that market effects depend on purchase size, execution timing, and disclosure policies. , Frequently Asked Questions When will the ￰13￱ publicly announce Bitcoin purchases for the SBR? There is no confirmed purchase ￰14￱ indicate purchases depend on finalized legislation and Treasury implementation; market participants expect an announcement once those steps ￰15￱ taxpayer money be used to buy Bitcoin for the SBR? Official guidance states additional BTC acquisitions should be budget-neutral and impose no incremental costs on American taxpayers; initial capitalization uses seized BTC already in Treasury ￰16￱ Takeaways Legislative delay : Congressional action is the main bottleneck to SBR fund ￰17￱ capitalization : The reserve will start with Bitcoin seized and held by the Department of the ￰18￱ mechanisms : Proposals include budget-neutral approaches and discussion of leveraging paper gains in gold, but these require formal ￰19￱ The Strategic Bitcoin Reserve is positioned to begin capitalization using existing Treasury-held Bitcoin, but implementation hinges on legislation and Treasury ￰20￱ Cynthia Lummis frames the issue as ready in principle but delayed in practice; stakeholders will watch Congressional and Treasury signals for the definitive start.

Author: COINOTAG • Published: 2025-10-07 • Updated: 2025-10-07 Sources referenced in reporting: Statements from Senator Cynthia Lummis (X), ProCap BTC chief investment officer Jeff Park, and Anthony Pompliano; background on ￰21￱ seized assets and public fiscal figures.