Cynthia Lummis

Cynthia Lummis is a U.S. Senator from Wyoming.

Affectionately known in the crypto community as the “Bitcoin Senator”, Lummis has introduced legislation that would create a Bitcoin strategic reserve: a stockpile of BTC held by the U.S. Treasury.

Sign up to our weekly MoonPay Minute newsletter

Dream team

Lummis will chair a newly-created Subcommittee on Digital Assets, an offshoot of the Senate’s powerful Banking Committee. The subcommittee’s nine members constitute what Lummis calls crypto’s “dream team”:

Interesting fact

At just 24, Lummis became the youngest woman ever elected to the Wyoming State Legislature.

BSR basics

A Bitcoin strategic reserve is a proposed stockpile of Bitcoin that the U.S. government may accumulate for various economic reasons. For a BSR to materialize it would require congressional backing, so Lummis has made it her mission to champion the cause in Congress.

She has proposed the U.S. acquire:

• 1M BTC
• in 5-year installments
• and held for at least 20 years.

Further reading: Bitcoin strategic reserve

Lummis lines

"We’re building a pro-crypto army in Congress."

According to Stand With Crypto, a non-partisan advocacy group, 276 members of the House of Representatives and 57 Senators are pro-crypto. That’s over 62% of Congress.

Subscribe to our newsletter!

Did you like this article? Sign up to our weekly MoonPay Minute newsletter to get similar content delivered directly to your inbox.