The Donald Trump administration’s imminent adoption of the strategic Bitcoin reserve has regained momentum, driven by Senator Cynthia Lummis’ new role in the Senate’s Digital Assets Subcommittee. Experts like Binance founder Changpeng Zhao believe that Senator Lummis’ appointment to the crypto committee is a significant step towards establishing a strategic Bitcoin reserve in the US.
Notably, Trump’s vow to make America the crypto capital and Senator Lummis’ new position have sparked optimism in the community. Despite the lack of an official confirmation, experts remain confident that a Bitcoin reserve plan is on the horizon.
Binance CEO Confirms the Strategic Bitcoin Reserve
In his recent X post, Binance Founder Changpeng Zhao expressed his confidence in the impending strategic Bitcoin reserve. His X post read, “US Strategic Bitcoin Reserve, pretty much confirmed.” With a touch of humor, he noted that “crypto is moving at crypto speed again,” emphasizing the sector’s further growth.”
The Binance founder’s comments came on the heels of Senator Cynthia Lummis’ designation to lead the Senate’s Digital Assets Subcommittee. While the Senator remains a key advocate for crypto, her appointment signals promising future developments in the sector. Senator Lummis’ post “There is a BIG lift ahead” further fuels the community’s optimism.
US Bitcoin Adoption On the Horizon, Say Experts
Uplifted by the Senator’s news, Dennis Porter, the CEO and co-founder of Satoshi Action Fund, stated, “This is a huge step forward for the Senator’s ability to move meaningful legislation forward, including the Strategic Bitcoin Reserve!”
HUGE: Senator Lummis has just been appointed chair of the Senate’s new Digital Asset Subcommittee. This is a huge step forward for the Senator’s ability to move meaningful legislation forward, including the Strategic Bitcoin Reserve! pic.twitter.com/QTKhueAdEl
— Dennis Porter (@Dennis_Porter_) January 23, 2025
Moreover, the official X page of The Bitcoin Conference asserted that Senator Cynthia Lummis is effectively putting effort into approving the strategic Bitcoin reserve bill immediately.
Donald Trump’s Vow to Turn US into Crypto Capital
Recently, Trump reiterated his commitment to transforming the United States into a crypto capital. Though his initial silence following his inauguration sparked anxiety, the recent development invigorated the crowd.
However, as the official announcement hasn’t been released, the Bitcoin reserve plan remains uncertain. The community is eagerly awaiting Trump and Senator Lummis’ further actions to adopt the BTC reserve.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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