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coinpedia 2025-03-12 03:07:00

“Big Things Are Coming”– Are Kiyosaki and Lummis Hinting at U.S. Bitcoin Strategic Reserve?

The post “Big Things Are Coming”– Are Kiyosaki and Lummis Hinting at U.S. Bitcoin Strategic Reserve? appeared first on Coinpedia Fintech News Robert Kiyosaki, author of ‘Rich Dad Poor Dad’, recently posted on X with a cryptic message saying, ‘Big Things are coming,’ which has sparked growing speculation in the market. Similarly, Senator Cynthia Lummis echoed the same sentiment on X, stating that ‘Big Things are coming every day’ and that she is ‘for real this time.'” Some speculate that this could suggest the U.S. is preparing to create a Bitcoin strategic reserve. While some humorously hope that it’s not another round of higher interest rates or more tariffs. Senator Lummis Reintroduces Bitcoin Act! Recently, Senator Lummis revealed that she has reintroduced the Bitcoin Strategic Reserve Act to Trump, proposing the purchase of $81 billion worth of Bitcoin by 2025. The BITCOIN Act is back. pic.twitter.com/WNeU6SWPj3 — Senator Cynthia Lummis (@SenLummis) March 11, 2025 The bill, originally introduced by Lummis last year, proposes that the government purchase 1 million bitcoins over five years. These bitcoins would then be stored in a “decentralized network” of storage facilities. According to a press release, the funds for purchasing bitcoins would come from “diversifying existing funds” in the Federal Reserve system. The first $6 billion in remittances from reserve banks would be set aside each year from 2025 to 2029 to build the reserve. The plan would also use the Fed’s gold certificates. Lummis stated that Bitcoin is not just a tech opportunity but a national necessity for America’s financial leadership in the 21st century. She added, “By turning the president’s executive action into law, we can use digital innovation to address the national debt and maintain our global competitiveness.” This move could boost the legitimacy of the Strategic Bitcoin Reserve. This reserve was recently created by President Donald Trump with an Executive Order, making this bill a key step in strengthening the U.S.’s position on Bitcoin. A Slight Difference In Plan Lummis’s new legislation, backed by several Republican Senators, is slightly different from Trump’s plan. While Lummis wants the government to buy 1 million bitcoins over five years, Trump’s executive order focuses on using bitcoin seized by law enforcement, alongside other digital assets from forfeitures, to create a strategic reserve. David Sacks, Trump’s crypto and AI advisor, reassured that this plan won’t cost taxpayers a penny. The government will only use assets already seized through legal proceedings. The order also asks the Treasury and Commerce departments to find ways to acquire more bitcoin without impacting the budget. However, Trump’s push for a crypto reserve has sparked mixed reactions across the industry.

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