Claim $500Strategic Bitcoin Reserve: CZ Expresses Optimism Following Lummis’ Appointment
Highlights
- Binance founder CZ confirms strategic Bitcoin reserve following Senator Lummis' new appointment.
- Senator Lummis is appointed to lead the Senate's Digital Assets Subcommittee.
- Trump's commitment to turn the US into a crypto capital has also sparked optimism.
The Donald Trump administration’s imminent adoption of the strategic Bitcoin reserve has regained momentum, driven by Senator Cynthia Lummis’ new role in the Senate’s Digital Assets Subcommittee. Experts like Binance founder Changpeng Zhao believe that Senator Lummis’ appointment to the crypto committee is a significant step towards establishing a strategic Bitcoin reserve in the US.
Notably, Trump’s vow to make America the crypto capital and Senator Lummis’ new position have sparked optimism in the community. Despite the lack of an official confirmation, experts remain confident that a Bitcoin reserve plan is on the horizon.
Binance CEO Confirms the Strategic Bitcoin Reserve
In his recent X post, Binance Founder Changpeng Zhao expressed his confidence in the impending strategic Bitcoin reserve. His X post read, “US Strategic Bitcoin Reserve, pretty much confirmed.” With a touch of humor, he noted that “crypto is moving at crypto speed again,” emphasizing the sector’s further growth.”
The Binance founder’s comments came on the heels of Senator Cynthia Lummis’ designation to lead the Senate’s Digital Assets Subcommittee. While the Senator remains a key advocate for crypto, her appointment signals promising future developments in the sector. Senator Lummis’ post “There is a BIG lift ahead” further fuels the community’s optimism.
US Bitcoin Adoption On the Horizon, Say Experts
Uplifted by the Senator’s news, Dennis Porter, the CEO and co-founder of Satoshi Action Fund, stated, “This is a huge step forward for the Senator’s ability to move meaningful legislation forward, including the Strategic Bitcoin Reserve!”
HUGE: Senator Lummis has just been appointed chair of the Senate’s new Digital Asset Subcommittee. This is a huge step forward for the Senator’s ability to move meaningful legislation forward, including the Strategic Bitcoin Reserve! pic.twitter.com/QTKhueAdEl
— Dennis Porter (@Dennis_Porter_) January 23, 2025
Moreover, the official X page of The Bitcoin Conference asserted that Senator Cynthia Lummis is effectively putting effort into approving the strategic Bitcoin reserve bill immediately.
Donald Trump’s Vow to Turn US into Crypto Capital
Recently, Trump reiterated his commitment to transforming the United States into a crypto capital. Though his initial silence following his inauguration sparked anxiety, the recent development invigorated the crowd.
However, as the official announcement hasn’t been released, the Bitcoin reserve plan remains uncertain. The community is eagerly awaiting Trump and Senator Lummis’ further actions to adopt the BTC reserve.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Peter Schiff Warns Bitcoin Could Mirror Silver’s Rise In Reverse
- Trump Declares Tariffs Creating “Great Wealth” as Fed Rate Cut Odds Collapse to 14%
- Grok AI: Post-2020 Gold & Silver Peak Sparked Epic Gains in BTC, NASDAQ, and S&P
- Fed Pumps $2.5B Overnight—Will Crypto Market React?
- Crypto-Based Tokenized Commodities Near $4B Milestone as Gold and Silver Hit Record Highs
- Pi Network Price Holds $0.20 After 8.7M PI Unlock, 19M KYC Milestone-What’s Next?
- XRP Price Prediction Ahead of US Strategic Crypto Reserve
- Ethereum Price Prediction Ahead of the 2026 Glamsterdam Scaling Upgrade – Is $5,000 Back in Play?
- Cardano Price Eyes a 40% Surge as Key DeFi Metrics Soar After Midnight Token Launch
- FUNToken Price Surges After MEXC Lists $FUN/USDC Pair
- Bitcoin Price on Edge as $24B Options Expire on Boxing Day — Is $80K About to Crack?
