PakGazette – The prospect of a US Strategic Reserve appears to be gaining ground, with the blessing of Senator Cynthia Lummis and the backing of Binance founder Changpeng Zhao, known as CZ.
On Thursday, it was announced that Senator Lummis will chair the Senate Banking Subcommittee on Digital Assets.
Lummis tweeted about his commitment to promoting digital asset legislation. He emphasized the need for Congress to pass a bipartisan framework that not only encourages innovation in digital assets but also strengthens the US dollar with a “strategic bitcoin reserve.”
“Digital assets are the future, and if the United States wants to remain a global leader in financial innovation, Congress urgently needs to pass bipartisan legislation that establishes a comprehensive legal framework for digital assets and strengthens the US dollar with a strategic reserve of bitcoins”. Lummis wrote.
He described his appointment as a historic opportunity to secure the nation’s financial future under President Trump’s administration.
CZ, founder and former CEO of Binance, amplified the rumor with a tweet that read: “US Bitcoin strategic reserve virtually confirmed. “Cryptocurrencies are moving at the speed of cryptocurrencies again.”
In announcing Lummis’ new role, Senate Banking Committee Chairman Tim Scott said that “Blockchain technology and cryptocurrencies have the potential to democratize the financial world.” She added that “there is no better advocate for the industry than my friend Cynthia Lummis.”
“Working with the Trump administration and our colleagues in the House, we will advance a common-sense regulatory framework to facilitate innovation here in the United States, not abroad,” Scott added.
If implemented, a US Bitcoin reserve could further validate the cryptocurrency’s role in global finance while positioning the US as a leader in the digital asset space.
