The Pomp Podcast #1509 Cynthia Lummis | Bitcoin Senator Reveals US Bitcoin Plan
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Mar 19, 2025 
Cynthia Lummis, a trailblazing U.S. Senator from Wyoming, is the first chair of the Senate panel on digital assets. In this engaging discussion, she dives into the complexities of stablecoin regulations and the need for clear legal frameworks. Lummis unveils the idea of a Strategic Bitcoin Reserve for the U.S. and contrasts state innovation with federal inefficiencies. She also highlights the growing political recognition of Bitcoin's influence and the vital role of collaboration between crypto advocates and lawmakers.
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Existing Bitcoin Reserves
- The US government already possesses Bitcoin through asset forfeiture.
- The exact amount is unclear due to potential sales by previous administrations.
Difficulty in Accounting
- Determining how much Bitcoin the US government owns is difficult.
- This is because of poor accounting practices within the federal government.
State-Level Bitcoin Reserves
- States might establish Bitcoin strategic reserves before the federal government.
- This is due to the faster decision-making processes in states.