US senator Cynthia Lummis has indicated that some divisions within the American military support the idea of a national Bitcoin reserve to address threats from economic wars.
During a Bloomberg interview on June 3, Lummis Says That some US generals, especially those based in Southeast Asia, support the idea of storing BTC as part of a strategic geopolitical move.
“All we have to do is look at the leadership of the current U.S. military to find support for a strategic bitcoin reserve,” said Lummis, which added:
“There are generals, especially in Southeast Asia, who believe that it is important to have a strategic stockpile of Bitcoin because we are making an economic war in China and we need to prepare for a war of gun and bullets. But we need both.”
Cointelegraph handed the US Department of Defense for the comment but did not receive a response at the time of publication.
His comments come during a segment about tensions between China and the United States because the country is in the middle of Trump’s trade wars. Trump’s tariffs first applied to most US trading partners, but the administration eventually suspended many of them, except The targets of China. The two countries later reached a temporary trade dealeasing tensions.
https://www.youtube.com/watch?v=jtzg-Ijdfwc
Trump is voice about making the US that “World Capital of Crypto“In his second term in the White House.” If we don’t do it, China will choose it and China will pick it up, or someone else, but it’s probably China, “she Bloomberg said While campaigning in 2024.
China has implemented a comprehensive ban on crypto activities since 2021, while estimating blockchain technology on power projects such as central digital currency, Digital Yuan.
Speaking to Bitcoin 2025 on May 28, US Vice President JD Vance emphasized the geopolitical importance of bitcoin. According to him, the US should maintain its leadership in the crypto industry to remain competitive with the new digital financial scene.
Related: Trump’s tariff negotiations are ‘all about’ China Deal – Raoul Pal
