US Senator Cynthia Lummis has indicated that sure divisions inside the American navy are backing the thought of a nationwide Bitcoin reserve to deal with threats from financial wars.
Throughout a Bloomberg interview on June 3, Lummis stated that some US generals, particularly these based mostly in Southeast Asia, help the thought of storing BTC as a part of a strategic geopolitical transfer.
“All we have to do is look to the management of the present US navy to search out help for a strategic Bitcoin reserve,” Lummis stated, including that:
“There are generals, particularly in Southeast Asia, who imagine it’s essential to have a strategic Bitcoin stockpile as a result of we’re doing an financial conflict with China and we’ve got to arrange for a weapons and bullets conflict. However we want each.”
Cointelegraph reached out to the US Division of Protection for remark however didn’t obtain a response by the point of publication.
Her remarks got here throughout a phase about tensions between China and the US because the nation has been on the middle of the Trump administration’s commerce wars. Trump’s tariffs initially utilized to most US buying and selling companions, however the administration later suspended lots of them, besides these focusing on China. The 2 nations ultimately reached a short lived commerce deal, easing tensions.
Trump has been vocal about making the US the “world capital of crypto” in his second time period on the White Home. “If we don’t do it, China goes to select it up and China’s going to have it, or any individual else, however almost definitely China,” he advised Bloomberg whereas campaigning in 2024.
China has carried out a complete ban on crypto actions since 2021, whereas nonetheless betting on blockchain expertise to energy tasks equivalent to its central financial institution digital forex, the digital yuan.
Talking at Bitcoin 2025 on Might 28, US Vice President JD Vance emphasised the geopolitical significance of Bitcoin. In response to him, the US should maintain its management within the crypto trade to stay aggressive within the new digital finance panorama.
Associated: Trump tariff negotiations are ‘all about’ China deal — Raoul Pal
