Senator Cynthia Lummis, the sponsor of a bill calling for the US to set up a Bitcoin reserve, suggested that progress on the proposal is likely to take longer than many crypto advocates would like.

Senator Cynthia Lummis, one of Bitcoin’s biggest advocates in Washington, defended her decision to pay in cash at a Bitcoin-themed bar, saying she views Bitcoin as a long-term store of value. “Because I spend dollars and save Bitcoin,

Senator Cynthia Lummis’s leadership of the Senate Banking Subcommittee on Digital Assets marks a pivotal shift in U.S. financial policy. Read more here.

US Congressional support for a Bitcoin reserve is lacking, Senator Cynthia Lummis warns as BTC price momentum stalls. Bitcoin ( BTC) retreated from above $90,000 at the March 5 Wall Street open amid mixed signals over the US strategic reserve.

US Senator Cynthia Lummis said states are likely to adopt Bitcoin reserves before the US government does, according to Bloomberg.

Sen. Cynthia Lummis (R-WY) has been a champion for bitcoin and digital assets in Congress and has made strides in shaping policy.

Senator Cynthia Lummis, the sponsor of a bill calling for the US to set up a Bitcoin reserve, suggested that progress on the proposal is likely to take longer than many crypto advocates would like.

Bitcoin fell after President Donald Trump signed an executive order Thursday evening to establish a strategic bitcoin reserve and a separate digital-asset stockpile for cryptocurrencies other than bitcoin,

“Because I spend dollars and save Bitcoin,” Lummis told a Fox reporter when asked why she didn’t use Bitcoin to buy drinks at Pub Key in New York. “Bitcoin is an asset that’s growing in value, and I know it’s volatile… but in the long term, it’s growing in value, where the US dollar is by design debasing every year.”

Lummis will finally assume the role of Chair of the newly established Digital Asset Subcommittee under the Senate Banking Committee.

Coinbase’s Head of Product, Conor Grogan, said that Trump’s Strategic Bitcoin Reserve has alleviated the pressure on BTC prices.

President Trump signed an executive order to establish a 'Strategic Bitcoin Reserve' and a 'U.S. Digital Asset Stockpile' ahead of the White House's first crypto summit.