Republican Senator Cynthia Lummis, a prominent Bitcoin advocate, claims that newly elected President Donald Trump is assembling a "Bitcoin army." She believes his efforts are geared toward establishing a pro-crypto administration.
Trump’s Support for Bitcoin and Cryptocurrencies
Donald Trump has maintained a positive stance toward cryptocurrencies since his inauguration. His post-election activities indicate a commitment to fostering technological innovation, drawing attention from Bitcoin advocates, including Senator Cynthia Lummis.
In a Twitter post, Lummis praised Trump’s efforts and remarked during an appearance on FOX Business that the president is working on building an army to champion Bitcoin and drive its broader adoption.
Donald Trump’s Pro-Crypto Cabinet
According to Lummis, the new president is surrounding himself with pro-crypto experts who understand the importance of Bitcoin and digital assets in the modern economy.
Trump has already appointed several notable figures to key positions:
Elon Musk will lead the newly established Department of Government Efficiency (DOGE).
Robert F. Kennedy has been named Secretary of Health and Human Services (HHS).
Howard Lutnick will serve as Secretary of Commerce.
Additionally, Trump has assured the crypto community that the next SEC Chair will support digital assets. Potential candidates include Teresa Goody Guillen, while Robinhood CLO Dan Gallagher has reportedly declined interest in the role.
The U.S. and a Bitcoin Reserve
Speculation about the creation of a U.S. Bitcoin reserve continues to grow. Lummis commented on this idea in light of recent remarks by former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo.
In an interview with Fox Business, Giancarlo stated that creating a Bitcoin reserve makes strategic sense. He likened it to traditional commodities like oil and gold, which the U.S. has historically stockpiled.
According to Giancarlo, Bitcoin, as the first digital commodity, is crucial for leveraging blockchain technology and could become a strategic asset for the nation’s future economy.
Summary
According to Senator Lummis, Donald Trump is focusing on promoting cryptocurrencies and building a strong foundation for Bitcoin and digital assets. His personnel appointments and strategic moves, such as the potential creation of a Bitcoin reserve, suggest that the U.S. could take a leading role in global cryptocurrency adoption.
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