Senator Cynthia Lummis used an early-morning X post on Nov. 5 (Europe) to endorse a US Strategic Bitcoin Reserve and to praise the administration’s stance. “I truly believe the Strategic Bitcoin Reserve is the only solution to offset our national debt,” she wrote, adding that she “applaud[s] @POTUS and his administration for embracing the SBR, and I look forward to getting it done.”

Where Does The Strategic Bitcoin Reserve Stand?

In a Nov. 4 segment on “Bloomberg Crypto,” Lummis addressed how the reserve would be built and, specifically, whether it would come from selling US gold . “I have not,” she said when asked if there was traction on converting gold into bitcoin. “I think the administration is looking at ideas other than using our gold certificates, marking them to market, and

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