US Military Leadership Supports BTC Reserve: Sen. Lummis

US Senator Cynthia Lummis has indicated that sure divisions throughout the American army are backing the thought of a nationwide Bitcoin reserve to deal with threats from financial wars.

Throughout a Bloomberg interview on June 3, Lummis said that some US generals, particularly these based mostly in Southeast Asia, assist the thought of storing BTC as a part of a strategic geopolitical transfer.

“All we have to do is look to the management of the present US army to seek out assist for a strategic Bitcoin reserve,” Lummis mentioned, including that:

“There are generals, particularly in Southeast Asia, who consider it’s essential to have a strategic Bitcoin stockpile as a result of we’re doing an financial struggle with China and we have now to organize for a weapons and bullets struggle. However we’d like each.”

Cointelegraph reached out to the US Division of Protection for remark however didn’t obtain a response by the point of publication.

Her remarks got here throughout a section about tensions between China and america because the nation has been on the middle of the Trump administration’s trade wars. Trump’s tariffs initially utilized to most US buying and selling companions, however the administration later suspended a lot of them, besides those targeting China. The 2 nations ultimately reached a temporary trade deal, easing tensions.

Trump has been vocal about making the US the “world capital of crypto” in his second time period on the White Home. “If we don’t do it, China goes to select it up and China’s going to have it, or any individual else, however more than likely China,” he told Bloomberg whereas campaigning in 2024.

China has carried out a complete ban on crypto actions since 2021, whereas nonetheless betting on blockchain expertise to energy tasks similar to its central financial institution digital foreign money, the digital yuan.

Talking at Bitcoin 2025 on Might 28, US Vice President JD Vance emphasized the geopolitical importance of Bitcoin. In keeping with him, the US should maintain its management within the crypto trade to stay aggressive within the new digital finance panorama.

Associated: Trump tariff negotiations are ‘all about’ China deal — Raoul Pal