US military leadership to back Bitcoin strategic reserve — Senator Lummis

US Senator Cynthia Lummis has indicated that definite divisions wrong the American subject are backing the thought of a nationalist Bitcoin reserve to code threats from economical wars.

During a Bloomberg interrogation connected June 3, Lummis said that immoderate US generals, particularly those based successful Southeast Asia, enactment the thought of storing BTC arsenic portion of a strategical geopolitical move.

“All we request to bash is look to the enactment of the existent US subject to find enactment for a strategical Bitcoin reserve,” Lummis said, adding that:

“There are generals, particularly successful Southeast Asia, who judge it’s important to person a strategical Bitcoin stockpile due to the fact that we’re doing an economical warfare with China and we person to hole for a guns and bullets war. But we request both.”

Cointelegraph reached retired to the US Department of Defense for remark but did not person a effect by the clip of publication.

Her remarks came during a conception astir tensions betwixt China and the United States arsenic the state has been astatine the halfway of the Trump administration’s commercialized wars. Trump’s tariffs initially applied to astir US trading partners, but the medication aboriginal suspended galore of them, but those targeting China. The 2 nations yet reached a impermanent commercialized deal, easing tensions.

Trump has been vocal astir making the US the “world superior of crypto” successful his 2nd word astatine the White House. “If we don’t bash it, China is going to prime it up and China’s going to person it, oregon idiosyncratic else, but astir apt China,” helium told Bloomberg portion campaigning successful 2024.

China has implemented a broad prohibition connected crypto activities since 2021, portion inactive betting connected blockchain exertion to powerfulness projects specified arsenic its cardinal slope integer currency, the integer yuan.

Speaking astatine Bitcoin 2025 connected May 28, US Vice President JD Vance emphasized the geopolitical value of Bitcoin. According to him, the US indispensable prolong its enactment successful the crypto manufacture to stay competitory successful the caller integer concern landscape.

Related: Trump tariff negotiations are ‘all about’ China woody — Raoul Pal