US President Donald Trump has thrown his full backing behind pro-Bitcoin Senator Cynthia Lummis (R-Wyo.) in her 2026 reelection race. Declaring her an “America First Warrior” on his Reality Social platform, Trump singled out Lummis’ management on crypto coverage, writing that she is “working carefully with me to make America the Crypto Capital of the World.”
He wrote: “Because the Chair of the Senate Banking Subcommittee on Digital Belongings, Cynthia is working carefully with me to make America the Crypto Capital of the World. Cynthia is preventing tirelessly to Develop the Financial system, Lower Taxes and Laws, Safe our Border, Defend our at all times underneath siege Second Modification, Strengthen our Unimaginable Army/Vets, and Put our Nice Farmers, Ranchers, and Power Producers FIRST.
Lummis responded through X, expressing gratitude and reiterating her longstanding advocacy for the individuals of Wyoming: “Powder River Let ‘R Buck. Thanks, President Trump! I’ll by no means cease preventing for Wyoming. Its individuals are proud patriots, freedom maximalists and lovers of liberty. It actually is the final finest place on earth. America First. America At all times.”
Why This Issues For Bitcoin
Elected to the US Senate in 2020—defeating Democratic challenger Merav Ben-David—Lummis has since emerged as considered one of Capitol Hill’s most vocal advocates for Bitcoin. She was appointed Chair of the Senate Banking Subcommittee on Digital Belongings earlier this 12 months, a task that locations her on the forefront of nationwide regulatory efforts.
Amongst her signature initiatives is the BITCOIN Act, reintroduced two weeks in the past, which proposes that the Treasury Division buy 1 million Bitcoins over a five-year interval.
The timing of Trump’s endorsement coincides with Lummis’ renewed push for a transparent regulatory panorama for digital belongings, coupled with the institution of a US Strategic Bitcoin reserve—an initiative that Trump has already given govt approval to. Inside his govt order, Trump licensed the Secretaries of Treasury and Commerce to develop “budget-neutral methods” for buying further Bitcoin.
On the DC Blockchain Summit 2025 on March 26, 2025, Lummis reiterated her lengthy standing seek for methods to stability authorities budgets, hinting that Bitcoin may maintain “enduring worth long run” and even suggesting it’d halve the nationwide debt “whether it is held for 20 years.” She additionally pointed to Wyoming’s historic follow of changing mineral wealth into diversified investments, suggesting Bitcoin now fills an analogous function.
“Bitcoin is straightforward to retailer, it’s immutable, it’s scarce, we will defend it in particular person vaults that may be safe and maintain it for 20 years. Whether it is held for 20 years, pursuant to the most effective modeling accessible, we will cut back our nationwide debt by half,” Lummis remarked.
On the query of financing a Strategic Bitcoin reserve in a budget-neutral method, Lummis proposed updating the face worth of the nation’s gold certificates. “We may take our gold certificates, that are at the moment held on the Federal Reserve on the books at their 1974 worth, which is $42 an oz.. Now, most of us know that gold has gone nearer to three,000 an oz.. So if we took these gold certificates, not bodily gold, let’s hold our bodily gold. Let’s take the gold certificates, deliver them as much as present honest market worth, and convert them to Bitcoin,” she acknowledged.
Lummis additional detailed budget-neutral potentialities for Bitcoin acquisition, according to President Trump’s govt order for making a strategic reserve: “Different potentialities that we have been simply discussing within the again room which are actually thrilling is that the US has vitality producing belongings. Let’s use these to transform the vitality manufacturing capabilities of the US authorities to producing Bitcoin. […] And there are a myriad of different concepts for fulfilling the targets of President Trump’s govt order by making a strategic Bitcoin reserve with out expending a single new greenback from the taxpayers.”
At press time, BTC traded at $87,495.
Featured picture from YouTube, chart from TradingView.com
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