Senator Cynthia Lummi, a prominent Republican representative from Wyoming and a supporter of Bitcoin (BTC) in the US Congress, expressed cautious views on the rapid implementation of Donald Trump’s new plan to establish a strategic reserve of digital currencies. Lummi stated that the lack of sufficient support in Congress is the main obstacle to advancing this plan. Trump’s proposed plan, unveiled on March 2, 2025, inspired by the strategic oil reserve model, calls for the creation of a national repository of digital currencies including Bitcoin, Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA). The main goal of this plan is to strengthen the US position in leading the global digital currency ecosystem. Lummi, who presented a Bitcoin-focused bill to Congress in July 2024, criticizes Trump’s multi-currency approach. Additionally, Tim Scot, chairman of the House Financial Services Committee, seems to oppose expediting the review of this plan.
