Senator Cynthia Lumis said that while funding for strategic Bitcoin reserves can be “started at any time”, no actual purchases have yet to be made.
Her post on X shows that while necessary measures within the government are still moving slowly, the legal path appears to be open.
The report reveals that bureaucratic work and legislation are what Lumis calls “work.”
Legislator says funding could begin
Based on reports, the administration’s plan would first use Bitcoin (coins seized in civil or criminal cases) already held by the Ministry of Finance as the seeds of reserves.
The official fact sheet states that future purchases should be “budget-neutral” and do not charge additional costs for taxpayers.
Some of the financial industry’s voices have bolder ideas. Procap BTC’s Chief Investment Officer Jeff Park discussed the possibility that the government could use roughly $1 trillion in paper profits from gold to help its transition to Bitcoin.
This beautifully illustrates why the passage of the SBR and Bitcoin Act makes so much sense.
Enacting the bill is a tough task and we continue to work towards passing it, but thanks to President Trump, SBR funding can be started anytime. ⤵️ https://t.co/gUkeZBPQr4
– Cynthia Lumis 🦬 (@cynthiamlummis) October 6, 2025
Park argued that taking a cautious attitude at that $1 trillion would be a small step compared to its federal debt of around $37.88 trillion.
He drew the long-term line. If Bitcoin rises at 12% per year, investors could potentially be about 30 times over 30 years. It’s not a plan, it’s a prediction.
The source of funding remains unclear
No clear mechanism has been established as to how additional Bitcoin will be purchased beyond the seized coins. The report discloses words such as “budget-neutral measures,” but no specific methods are provided.
BTCUSD trading at $124,095 on the 24-hour chart: TradingView
The options mentioned in public range from the sale of assets to reallocating unrealized gains, but there is no legal precedent for use in this type of strategic reserve. This uncertainty is why lawmakers and market watchers continue to seek more details.
Seven months have passed since US President Donald Trump signed the executive order to create a reserve.
The move set policy goals but did not provide rules for the Ministry of Finance to use to act. Lumis said the authorities can move, but they have not yet operated the machines.
Market reactions and outlook
Investors and critics are keeping an eye on it. Anthony Pumpriano told CNBC that there will be a real market shock when they don’t just sit on the coins the US already owns, but they actually start buying Bitcoin.
Many in the cryptocurrency industry see official government purchases as an important test. At the same time, regulators and budgetary authorities are likely to require clear legal authority and an explanatory process before spending public resources.
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