Highlights: Lummis says Bitcoin can help reduce the US debt and strengthen the nation’s financial stability over time. The Treasury and White House are exploring plans for a strategic Bitcoin reserve using seized assets. The policy momentum is growing as Washington considers Bitcoin as a vital tool for national economic security. Senator Cynthia Lummis has renewed her call for a strategic Bitcoin reserve to play a central role in addressing America’s growing $37 trillion debt. She described Bitcoin as the only asset capable of offsetting the nation’s financial burden over time. Lummis said she believes the asset’s value will increase and provide a long-term hedge against inflation and debt accumulation. JUST IN: SENATOR CYNTHIA LUMMIS CALLS $BTC THE ONLY SOLUTION TO AMERICA’S NATIONAL DEBT! In a recent Bloomberg interview, Senator Cynthia Lummis reaffirmed her pro-Bitcoin stance, saying: “It’s an asset that will grow over time and will help offset the burgeoning growth in… pic.twitter.com/izy5FT9y52 — CryptosRus (@CryptosR_Us) November 5, 2025 In a recent statement, she praised President Donald Trump and his administration for supporting the plan to create a national strategic Bitcoin reserve. She said she is eager to see the initiative through and believes the proposal marks an important financial turning point. During a Bloomberg Television interview, Lummis emphasized that Bitcoin could act as a counterbalance to the U.S. balance sheet. She added that the goal is to build a strong foundation that grows in value while securing fiscal stability. Lummis, a long-time Bitcoin supporter, has consistently argued that digital assets can protect the economy from mounting fiscal pressure. She stated that the strategic Bitcoin reserve would be used as a national store of value in the same way gold was used in the past. Her remarks are timed when the U.S. is in historic debt and is under increased pressure to diversify its financial instruments. She emphasized that it is time to act and that the existing framework enables quick implementation of the reserve after its approval. Treasury and White House Draft Plans for Strategic Bitcoin Reserve Lummis said officials are exploring several structures for the strategic Bitcoin reserve. She noted that the Treasury and White House teams are considering options beyond gold revaluation. According to her, Treasury Secretary Scott Bessent and administration staff are actively reviewing how to establish the reserve without adding new spending. The senator welcomed this approach and described it as a practical and balanced step forward. Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order. In addition, Treasury is committed to exploring budget-neutral pathways to acquire more… — Treasury Secretary Scott Bessent (@SecScottBessent) August 14, 2025 The offered plan would be based on the Bitcoin already possessed by the U.S. government due to criminal or civil forfeitures. The reserve has since increased considerably over the past few years to over 130,000 BTC with a valuation of around $34 billion. Lummis said this existing stockpile offers a strong base to begin the strategic Bitcoin reserve. She added that the process would be budget-neutral, avoiding any new costs to taxpayers. The Treasury’s March fact sheet supports this strategy. It stated that seized Bitcoin will serve as the initial capital of the strategic Bitcoin reserve and that new acquisitions could follow under budget-neutral conditions. The idea aligns with the Treasury’s August guidance that ruled out direct Bitcoin purchases. Lummis endorsed that view, saying the strategic Bitcoin reserve plan ensures financial responsibility while supporting innovation. She also suggested revaluing national gold holdings to boost the starting value of the Bitcoin reserve. Policy Momentum Builds as Washington Weighs BTC’s National Role The policy is still gaining momentum. President Trump signed an executive order in March that provides the structure of a strategic Bitcoin reserve. The action motivated federal organizations to cross-collaborate on long-term digital asset management plans. This has been followed by a growing interest both in political and market circles. According to the head of research of Galaxy Digital, Alex Thorn, the strategic Bitcoin reserve effort corresponds to a wider acceptance of Bitcoin as a secure asset. He stated that the role of Bitcoin might grow when the government seeks value-retaining tools. There have also been reports that the U.S. could already possess approximately $14 billion in Bitcoin associated with recovered assets. Other countries, such as Brazil and Sweden, are considering similar concepts to enhance reserves with digital resources. i still think there’s a strong chance the U.S. government will announce this year that it has formed the strategic bitcoin reserve (SBR) and is formally holding BTC as a strategic asset market seems to be completely underpricing the likelihood of such an announcement — Alex Thorn (@intangiblecoins) September 11, 2025 Meanwhile, Bitcoin’s price has slipped nearly 10% this week, trading near $101,771. Despite the decline, market observers say long-term adoption remains strong. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Highlights: Lummis says Bitcoin can help reduce the US debt and strengthen the nation’s financial stability over time. The Treasury and White House are exploring plans for a strategic Bitcoin reserve using seized assets. The policy momentum is growing as Washington considers Bitcoin as a vital tool for national economic security. Senator Cynthia Lummis has renewed her call for a strategic Bitcoin reserve to play a central role in addressing America’s growing $37 trillion debt. She described Bitcoin as the only asset capable of offsetting the nation’s financial burden over time. Lummis said she believes the asset’s value will increase and provide a long-term hedge against inflation and debt accumulation. JUST IN: SENATOR CYNTHIA LUMMIS CALLS $BTC THE ONLY SOLUTION TO AMERICA’S NATIONAL DEBT! In a recent Bloomberg interview, Senator Cynthia Lummis reaffirmed her pro-Bitcoin stance, saying: “It’s an asset that will grow over time and will help offset the burgeoning growth in… pic.twitter.com/izy5FT9y52 — CryptosRus (@CryptosR_Us) November 5, 2025 In a recent statement, she praised President Donald Trump and his administration for supporting the plan to create a national strategic Bitcoin reserve. She said she is eager to see the initiative through and believes the proposal marks an important financial turning point. During a Bloomberg Television interview, Lummis emphasized that Bitcoin could act as a counterbalance to the U.S. balance sheet. She added that the goal is to build a strong foundation that grows in value while securing fiscal stability. Lummis, a long-time Bitcoin supporter, has consistently argued that digital assets can protect the economy from mounting fiscal pressure. She stated that the strategic Bitcoin reserve would be used as a national store of value in the same way gold was used in the past. Her remarks are timed when the U.S. is in historic debt and is under increased pressure to diversify its financial instruments. She emphasized that it is time to act and that the existing framework enables quick implementation of the reserve after its approval. Treasury and White House Draft Plans for Strategic Bitcoin Reserve Lummis said officials are exploring several structures for the strategic Bitcoin reserve. She noted that the Treasury and White House teams are considering options beyond gold revaluation. According to her, Treasury Secretary Scott Bessent and administration staff are actively reviewing how to establish the reserve without adding new spending. The senator welcomed this approach and described it as a practical and balanced step forward. Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order. In addition, Treasury is committed to exploring budget-neutral pathways to acquire more… — Treasury Secretary Scott Bessent (@SecScottBessent) August 14, 2025 The offered plan would be based on the Bitcoin already possessed by the U.S. government due to criminal or civil forfeitures. The reserve has since increased considerably over the past few years to over 130,000 BTC with a valuation of around $34 billion. Lummis said this existing stockpile offers a strong base to begin the strategic Bitcoin reserve. She added that the process would be budget-neutral, avoiding any new costs to taxpayers. The Treasury’s March fact sheet supports this strategy. It stated that seized Bitcoin will serve as the initial capital of the strategic Bitcoin reserve and that new acquisitions could follow under budget-neutral conditions. The idea aligns with the Treasury’s August guidance that ruled out direct Bitcoin purchases. Lummis endorsed that view, saying the strategic Bitcoin reserve plan ensures financial responsibility while supporting innovation. She also suggested revaluing national gold holdings to boost the starting value of the Bitcoin reserve. Policy Momentum Builds as Washington Weighs BTC’s National Role The policy is still gaining momentum. President Trump signed an executive order in March that provides the structure of a strategic Bitcoin reserve. The action motivated federal organizations to cross-collaborate on long-term digital asset management plans. This has been followed by a growing interest both in political and market circles. According to the head of research of Galaxy Digital, Alex Thorn, the strategic Bitcoin reserve effort corresponds to a wider acceptance of Bitcoin as a secure asset. He stated that the role of Bitcoin might grow when the government seeks value-retaining tools. There have also been reports that the U.S. could already possess approximately $14 billion in Bitcoin associated with recovered assets. Other countries, such as Brazil and Sweden, are considering similar concepts to enhance reserves with digital resources. i still think there’s a strong chance the U.S. government will announce this year that it has formed the strategic bitcoin reserve (SBR) and is formally holding BTC as a strategic asset market seems to be completely underpricing the likelihood of such an announcement — Alex Thorn (@intangiblecoins) September 11, 2025 Meanwhile, Bitcoin’s price has slipped nearly 10% this week, trading near $101,771. Despite the decline, market observers say long-term adoption remains strong. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Cynthia Lummis Backs Strategic Bitcoin Reserve, Calls It the Only Path to Reduce U.S. Debt Load

2025/11/05 22:08

Highlights:

  • Lummis says Bitcoin can help reduce the US debt and strengthen the nation’s financial stability over time.
  • The Treasury and White House are exploring plans for a strategic Bitcoin reserve using seized assets.
  • The policy momentum is growing as Washington considers Bitcoin as a vital tool for national economic security.

Senator Cynthia Lummis has renewed her call for a strategic Bitcoin reserve to play a central role in addressing America’s growing $37 trillion debt. She described Bitcoin as the only asset capable of offsetting the nation’s financial burden over time. Lummis said she believes the asset’s value will increase and provide a long-term hedge against inflation and debt accumulation.

In a recent statement, she praised President Donald Trump and his administration for supporting the plan to create a national strategic Bitcoin reserve. She said she is eager to see the initiative through and believes the proposal marks an important financial turning point. During a Bloomberg Television interview, Lummis emphasized that Bitcoin could act as a counterbalance to the U.S. balance sheet. She added that the goal is to build a strong foundation that grows in value while securing fiscal stability.

Lummis, a long-time Bitcoin supporter, has consistently argued that digital assets can protect the economy from mounting fiscal pressure. She stated that the strategic Bitcoin reserve would be used as a national store of value in the same way gold was used in the past. Her remarks are timed when the U.S. is in historic debt and is under increased pressure to diversify its financial instruments. She emphasized that it is time to act and that the existing framework enables quick implementation of the reserve after its approval.

Treasury and White House Draft Plans for Strategic Bitcoin Reserve

Lummis said officials are exploring several structures for the strategic Bitcoin reserve. She noted that the Treasury and White House teams are considering options beyond gold revaluation. According to her, Treasury Secretary Scott Bessent and administration staff are actively reviewing how to establish the reserve without adding new spending. The senator welcomed this approach and described it as a practical and balanced step forward.

The offered plan would be based on the Bitcoin already possessed by the U.S. government due to criminal or civil forfeitures. The reserve has since increased considerably over the past few years to over 130,000 BTC with a valuation of around $34 billion. Lummis said this existing stockpile offers a strong base to begin the strategic Bitcoin reserve. She added that the process would be budget-neutral, avoiding any new costs to taxpayers.

The Treasury’s March fact sheet supports this strategy. It stated that seized Bitcoin will serve as the initial capital of the strategic Bitcoin reserve and that new acquisitions could follow under budget-neutral conditions. The idea aligns with the Treasury’s August guidance that ruled out direct Bitcoin purchases.

Lummis endorsed that view, saying the strategic Bitcoin reserve plan ensures financial responsibility while supporting innovation. She also suggested revaluing national gold holdings to boost the starting value of the Bitcoin reserve.

Policy Momentum Builds as Washington Weighs BTC’s National Role

The policy is still gaining momentum. President Trump signed an executive order in March that provides the structure of a strategic Bitcoin reserve. The action motivated federal organizations to cross-collaborate on long-term digital asset management plans. This has been followed by a growing interest both in political and market circles.

According to the head of research of Galaxy Digital, Alex Thorn, the strategic Bitcoin reserve effort corresponds to a wider acceptance of Bitcoin as a secure asset. He stated that the role of Bitcoin might grow when the government seeks value-retaining tools. There have also been reports that the U.S. could already possess approximately $14 billion in Bitcoin associated with recovered assets. Other countries, such as Brazil and Sweden, are considering similar concepts to enhance reserves with digital resources.

Meanwhile, Bitcoin’s price has slipped nearly 10% this week, trading near $101,771. Despite the decline, market observers say long-term adoption remains strong.

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Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
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Astonishing Kevin Durant Bitcoin Fortune: A Decade-Long Hold Yields 195-Fold Return

Astonishing Kevin Durant Bitcoin Fortune: A Decade-Long Hold Yields 195-Fold Return

BitcoinWorld Astonishing Kevin Durant Bitcoin Fortune: A Decade-Long Hold Yields 195-Fold Return Imagine logging into an old account and discovering a fortune! That’s exactly what happened to NBA superstar Kevin Durant. His decade-old, forgotten Coinbase account, which held an early Kevin Durant Bitcoin investment, has now resurfaced, revealing an incredible 195-fold return. This remarkable story highlights the immense potential of long-term cryptocurrency holdings and serves as a fascinating example for anyone interested in digital assets. The Accidental ‘Hodl’: How Kevin Durant’s Bitcoin Investment Skyrocketed The journey of Kevin Durant’s Bitcoin investment began in 2016. He encountered Bitcoin, then priced at a modest $600, during a birthday celebration for venture capitalist Ben Horowitz. Intrigued, Durant decided to invest, setting up a Coinbase account. However, as many early adopters can attest, managing digital assets in the nascent crypto landscape wasn’t always straightforward. Durant subsequently misplaced his Coinbase login credentials, leading to an involuntary long-term hold – a phenomenon affectionately known as "HODL" (Hold On for Dear Life) in the crypto community. This accidental strategy proved to be a stroke of pure luck. After a decade, with assistance from Coinbase and a thorough identity verification process, Durant successfully recovered his account. While the exact amount of BTC remains undisclosed, the outcome is clear: a staggering 195-fold return on his initial investment. Initial Investment: Bitcoin at $600 in 2016. Accidental Strategy: Lost login details led to an unintentional "HODL." Recovery: Coinbase assisted with identity verification. Return: A remarkable 195-fold increase in value. Beyond Personal Gains: Kevin Durant’s Broader Crypto Engagement This isn’t Kevin Durant’s first foray into the world of digital assets, nor is it his only connection to the industry. Long before this incredible recovery, Durant had already demonstrated a positive and forward-thinking stance toward cryptocurrency. His engagement extends beyond just holding assets; he has actively participated in the crypto ecosystem. Durant previously partnered with Coinbase, one of the leading cryptocurrency exchanges, showcasing his belief in the platform and the broader potential of digital currencies. He has also ventured into the realm of Non-Fungible Tokens (NFTs), purchasing digital collectibles and exploring this evolving sector. These actions underscore his understanding and acceptance of crypto’s growing influence. His continued involvement helps bridge the gap between mainstream culture and the crypto world, bringing increased visibility and legitimacy to digital assets. The story of his Kevin Durant Bitcoin recovery only adds another layer to his impressive crypto narrative, inspiring many to consider the long-term prospects of digital investments. Valuable Lessons from Kevin Durant’s Bitcoin Journey Kevin Durant’s story offers compelling insights for both seasoned investors and newcomers to the crypto space. It powerfully illustrates the potential rewards of a patient, long-term investment approach, even if accidental. While not everyone will forget their login details for a decade, the principle of "HODLing" through market volatility can yield significant returns. However, it also subtly highlights the importance of proper security and record-keeping. Losing access to an account, even if eventually recovered, can be a stressful experience. Here are some actionable takeaways: Embrace Long-Term Vision: Bitcoin’s history shows substantial growth over extended periods. Patience often outperforms short-term trading. 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Coinstats2025/09/19 18:45