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United States Senator Cynthia Lummis made a striking statement in an interview with Bloomberg, saying that the US military supports the strategic purchase plan of 1 million Bitcoins.
Lummis stated that the US is in an economic war with China and argued that digital assets can play a strategic role in this war.
“Guns, bullets, drones, planes… Yes, they are all necessary. But economic warfare is also serious. And we need to be prepared for that,” said Lummis, adding that Bitcoin should be a part of this preparation.
The senator noted that some US generals, especially in Southeast Asia, think it is necessary to have a strategic Bitcoin reserve. “When you look at the leadership of the US military today, you find support for the idea of a Bitcoin reserve,” Lummis said.
However, Lummis’s statements have also reignited discussions about whether there is a conflict of interest in his policy decisions. Public questions are rising about whether his son-in-law, a Bitcoin maximalist, Will Cole, is influencing the senator’s cryptocurrency policies.
These discussions drew further attention with a statement made by Ripple CEO Brad Garlinghouse on May 19. In a post on X (formerly Twitter), Garlinghouse said that Lummis canceled a meeting and refused to reschedule, adding, “As a leader in Congress and a senator from the crypto-friendly state of Wyoming, I hope you will show leadership on behalf of the entire crypto industry.”
*This is not investment advice.
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