On Could 21, Senator Cynthia Lummis doubled down on her push for Bitcoin adoption, saying, “That is what I’ve been saying. Individuals are able to improve our reserves.”
She cited a latest survey carried out by the Nakamoto Challenge, the place they reached out to three,345 Individuals to find out about their opinion about Bitcoin reserve. The survey revealed that 4 out of 5 Individuals have been prepared to transform some US gold reserve into Bitcoin.
JUST IN: 🇺🇸 Senator Cynthia Lummis says “Individuals are able to improve our reserves” from gold to #Bitcoin pic.twitter.com/MfyCvF1Sn0
— Bitcoin Journal (@BitcoinMagazine) May 21, 2025
Texas Passes Bitcoin Reserve Invoice
The assertion comes after Texas handed a historic Senate Bill 21, which directs the institution of the Texas Strategic Bitcoin Reserve. With this approval, Texas turns into the third state to type a strategic Bitcoin reserve after New Hampshire and Arizona.
The laws will permit Texas state to make an funding immediately into the most important cryptocurrency, Bitcoin, which is at present booming via the roof. Only a few hours in the past, BTC created a brand new all-time excessive after breaking a vital resistance stage of $109,000.
On March 6, U.S. President Donald Trump signed an government order to a Strategic Bitcoin Reserve, which directs to creation of an SBR via Bitcoins held by the federal government or seized in enforcement motion. The U.S. authorities at present holds roughly 200,000 BTC, and the reserve is anticipated to offer financial stability and monetary resilience.
Nevertheless, this government order has disillusioned many crypto buyers because it doesn’t embody a clause to amass further Bitcoins. It burst the clouds of hope of those that have been ready to see a rally within the cryptocurrency.
Senator Cynthia Lummis’s comment not directly factors out netizens’ confidence in BTC.
Additionally Learn: Senate Votes 66-33 to Advance GENIUS Crypto Regulation Act
