The bill to create the United States Strategic Bitcoin Reserve could be passed within the first 100 days of Donald Trump's administration, according to Senator Cynthia Lummis.
The US senator recently said that the Trump administration could pass the Bitcoin bill and establish a cryptocurrency-based strategic reserve during the first quarter of 2025.
Lummis expressed optimism that this bill could be enacted within the first 100 days of President Trump's second term. As reported by this outlet, this regulatory project seeks to establish a national Bitcoin reserve and position the United States as the largest government holder of the cryptocurrency.
Through social media, the US senator said that bipartisan support and public participation will be essential to push the bill through. She emphasized that its approval will be a transformative step for the nation's financial stability.
Bitcoin is getting closer to becoming part of the US reserve
According to Lummis’ predictions, the advancement of this bill could transform the way the United States manages its strategic reserves and mark a crucial shift in public and political perception towards cryptocurrencies. With this, Lummis underlined that the importance of this bill extends beyond the borders of the United States.
On the other hand, Anthony Pompliano, a prominent figure in the Bitcoin community, believes that if the regulatory project in question is approved, it could lead to an increase in the interest of other countries and central banks in acquiring Bitcoin.
During an interview with CNBC, Pompliano said that this could lead to a “game changer” for the global financial system, suggesting that the establishment of a Bitcoin reserve by the United States could serve as a catalyst for similar initiatives around the world.
Experts' Perspectives on the Potential of the Bitcoin Bill
According to experts, the Bitcoin bill could strengthen the US influence in sectors such as energy production, artificial intelligence, and decentralized finance. Matthew Sigel, head of digital asset research at VanEck, mentioned the possibility of the nation repurposing over 200.000 BTC through public-private partnerships, which will further emphasize the bill’s potential to reshape the nation’s financial landscape.
On the other hand, despite the initial stagnation that the Bitcoin bill has had in the Senate, the future prospects for its possible approval remain optimistic, especially considering President Trump's favorable stance towards the Bitcoin agenda.
David Bailey, a staunch proponent of the Bitcoin reserve concept, has stressed the importance of this project as a top priority for the first 100 days of the Trump administration. However, the path to becoming law requires navigating the legislative process, which includes approvals from the Senate and the House of Representatives, before reaching the president's desk for final authorization.
In any case, the proposal has the potential to redefine the role of the United States in the global digital economy, by establishing a robust regulatory framework and strengthening American influence in the development of digital assets.
Main image taken from Cynthia Lummis' official X account
