Treasury Secretary Scott Bessent confirmed that the US will not purchase Bitcoin (BTC) to build a Strategic Bitcoin Reserve (SBR). Instead, it relies solely on assets from legal seizures. This approach has sparked criticism for potentially limiting reserve growth.
Senator Cynthia Ramis has plans as debates in Washington move towards ways the country still strengthens its position in the global crypto race.
Cynthia Ramis quickly tracks Bitcoin’s advantage to quickly track Gold’s revaluation plan
Ramis, a longtime pro-Bitcoin MP in Wyoming, has pushed the Bitcoin Act to link gold revaluations to a budget-neutral pathway to expanding SBR.
“Scott Bessent is right. The budget-neutral path to building an SBR is the road. Buying more Bitcoin won’t save the country from $37 trillion in debt, but we can revalue gold reserves to today’s prices and transfer the increase in value to build an SBR.”
Her comments came in response to Treasury Secretary Scott Bescent. Bessent said Bitcoin, which already maintains federal custody, will serve as the foundation for reserves established under President Trump’s March executive order.
“The Treasury is working to explore budget-neutral pathways to acquire more Bitcoin to expand its budget, and to enforce the President’s promise to make the US a “bitcoin superpower of the world,” to help it win more Bitcoin,” Bessent posted.
The federal government holds billions of dollars worth of seized Bitcoin, but on-chain data suggests that around 15% of these assets have been legally confiscated.
The rest could be subject to court decisions, creditor claims, or returned to the private owner. These contractions make them ineligible for the reserve.
It creates structural challenges as legal processes bottleneck the growth of reserves. This contrasts with the lack of BTC in government detention.
Lummis’ Gold Revaluation Plan aims to avoid that issue. Upgrading the value of American gold holdings to current market prices could potentially be loaded onto hundreds of millions of dollars of paper.
The Ministry of Finance was able to transfer its surplus value to Bitcoin without adding it to national debt. In theory, this does not require tax cuts, spending cuts, or new borrowing.
The Wyoming Senator’s post shows he is ready to translate this idea into law. She also expressed interest in working with Scott Becent and Commerce Secretary Howard Lutnick.
Together, they were able to continue growing the country’s Bitcoin Reserve and identify budget-neutral methods that could potentially outweigh the race peers.
The proposal strengthens speculation about America’s long-term crypto strategy. Relying on seized Bitcoin creates evil incentives to expand the power to confiscate assets, but it is also a practical way to accumulate BTC at no cost to taxpayers.
When enacted, Bitcoin law could show, for the first time in modern US history, gold revaluation funds strategic cryptocurrency holdings. This is a symbolic and financial importance towards positioning the United States as the world’s top Bitcoin power.
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