Senator Lummis Confirms US Bitcoin Reserve Funding “Can Start Anytime”
Pro-crypto US Senator Cynthia Lummis has confirmed that the process to acquire funds for the US Strategic Bitcoin Reserve (SBR) could “start anytime” as regulatory red tape delays the fund’s creation. In an X post , Lummis said that the regulative side of things is still a “slog.” She added, however, that “the acquisition of funds for an SBR can start anytime” thanks to crypto-friendly US President Donald Trump. Trump Signed An Executive Order For The Strategic Bitcoin Reserve Earlier This Year Trump signed an executive order to create the US Strategic Bitcoin Reserve earlier this year. Seven months have since passed and the concrete formulation of the SBR is yet to be confirmed. More specifically, there have not yet been any clear details regarding how exactly capital for the SBR will be raised. The official government fact sheet says that the SBR will initially be “capitalized with Bitcoin owned by the Department of Tre...