Senator Cynthia Lummis (R-WY) supports U.S. Treasury Secretary Scott Bessent’s Fox News interview this week, in which he revealed that the U.S. will not be buying Bitcoin for its Strategic Bitcoin Reserve (SBR). Sen. Cynthia Lummis Applauds Budget-Neutral Bitcoin Plan Speaking with reporter Maria Bartiromo on Thursday, Bessent revealed that the U.S. will not purchase Bitcoin outright for the reserve—instead, it will use “confiscated assets” as a store of value. In two August 14 X posts, Lummis called Bessent’s take “spot on” in terms of identifying a budget-neutral plan to increase America’s Bitcoin reserve . “ @SecScottBessent is right: a budget-neutral path to building SBR is the way,” Lummis said in an August 15 X post. “We cannot save our country from $37T debt by purchasing more bitcoin, but we can revalue gold reserves to today’s prices & transfer the increase in value to build SBR.” Sec. Bessent is spot on about the importance of bitcoin as a store of value in the digital age. I look forward to continue working with @SecScottBessent & @howardlutnick to identify budget-neutral ways to continue growing our bitcoin reserve & outpacing adversaries in the race. — Senator Cynthia Lummis (@SenLummis) August 14, 2025 “I look forward to continue working with @SecScottBessent & @howardlutnick to identify budget-neutral ways to continue growing our bitcoin reserve & outpacing adversaries in the race,” she added. Confiscated Crypto at the Core of U.S. Reserve Strategy Despite hitting an all-time high above $124,000 on Thursday, Bitcoin’s value was hovering around $117,000 as of Friday. Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order. In addition, Treasury is committed to exploring budget-neutral pathways to acquire more… — Treasury Secretary Scott Bessent (@SecScottBessent) August 14, 2025 Bessent’s latest remarks are likely to disappoint Bitcoin holders who hoped the U.S. government would buy up more of the cryptocurrency . Following his interview with Fox News, Bessent took to X himself to clarify his commentary. “Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order,” Bessent said. “In addition, Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President’s promise to make the United States the ‘Bitcoin superpower of the world,’” he added.Senator Cynthia Lummis (R-WY) supports U.S. Treasury Secretary Scott Bessent’s Fox News interview this week, in which he revealed that the U.S. will not be buying Bitcoin for its Strategic Bitcoin Reserve (SBR). Sen. Cynthia Lummis Applauds Budget-Neutral Bitcoin Plan Speaking with reporter Maria Bartiromo on Thursday, Bessent revealed that the U.S. will not purchase Bitcoin outright for the reserve—instead, it will use “confiscated assets” as a store of value. In two August 14 X posts, Lummis called Bessent’s take “spot on” in terms of identifying a budget-neutral plan to increase America’s Bitcoin reserve . “ @SecScottBessent is right: a budget-neutral path to building SBR is the way,” Lummis said in an August 15 X post. “We cannot save our country from $37T debt by purchasing more bitcoin, but we can revalue gold reserves to today’s prices & transfer the increase in value to build SBR.” Sec. Bessent is spot on about the importance of bitcoin as a store of value in the digital age. I look forward to continue working with @SecScottBessent & @howardlutnick to identify budget-neutral ways to continue growing our bitcoin reserve & outpacing adversaries in the race. — Senator Cynthia Lummis (@SenLummis) August 14, 2025 “I look forward to continue working with @SecScottBessent & @howardlutnick to identify budget-neutral ways to continue growing our bitcoin reserve & outpacing adversaries in the race,” she added. Confiscated Crypto at the Core of U.S. Reserve Strategy Despite hitting an all-time high above $124,000 on Thursday, Bitcoin’s value was hovering around $117,000 as of Friday. Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order. In addition, Treasury is committed to exploring budget-neutral pathways to acquire more… — Treasury Secretary Scott Bessent (@SecScottBessent) August 14, 2025 Bessent’s latest remarks are likely to disappoint Bitcoin holders who hoped the U.S. government would buy up more of the cryptocurrency . Following his interview with Fox News, Bessent took to X himself to clarify his commentary. “Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order,” Bessent said. “In addition, Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President’s promise to make the United States the ‘Bitcoin superpower of the world,’” he added.
Cynthia Lummis Backs Budget-Neutral Bitcoin Reserve – Using Seized Crypto, Not Purchases
Senator Cynthia Lummis (R-WY) supports U.S. Treasury Secretary Scott Bessent’s Fox News interview this week, in which he revealed that the U.S. will not be buying Bitcoin for its Strategic Bitcoin Reserve (SBR).
Sen. Cynthia Lummis Applauds Budget-Neutral Bitcoin Plan
Speaking with reporter Maria Bartiromo on Thursday, Bessent revealed that the U.S. will not purchase Bitcoin outright for the reserve—instead, it will use “confiscated assets” as a store of value.
In two August 14 X posts, Lummis called Bessent’s take “spot on” in terms of identifying a budget-neutral plan to increase America’s Bitcoin reserve.
“@SecScottBessent is right: a budget-neutral path to building SBR is the way,” Lummis said in an August 15 X post. “We cannot save our country from $37T debt by purchasing more bitcoin, but we can revalue gold reserves to today’s prices & transfer the increase in value to build SBR.”
“I look forward to continue working with @SecScottBessent & @howardlutnick to identify budget-neutral ways to continue growing our bitcoin reserve & outpacing adversaries in the race,” she added.
Confiscated Crypto at the Core of U.S. Reserve Strategy
Despite hitting an all-time high above $124,000 on Thursday, Bitcoin’s value was hovering around $117,000 as of Friday.
Bessent’s latest remarks are likely to disappoint Bitcoin holders who hoped the U.S. government would buy up more of the cryptocurrency.
Following his interview with Fox News, Bessent took to X himself to clarify his commentary.
“Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order,” Bessent said.
“In addition, Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President’s promise to make the United States the ‘Bitcoin superpower of the world,’” he added.
Market Opportunity
Sentio Protocol Price(SEN)
$0,0010368
$0,0010368$0,0010368
USD
Sentio Protocol (SEN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Cashing In On University Patents Means Giving Up On Our Innovation Future
The post Cashing In On University Patents Means Giving Up On Our Innovation Future appeared on BitcoinEthereumNews.com. “It’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress,” writes Pipes. Getty Images Washington is addicted to taxing success. Now, Commerce Secretary Howard Lutnick is floating a plan to skim half the patent earnings from inventions developed at universities with federal funding. It’s being sold as a way to shore up programs like Social Security. In reality, it’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress. Yes, taxpayer dollars support early-stage research. But the real payoff comes later—in the jobs created, cures discovered, and industries launched when universities and private industry turn those discoveries into real products. By comparison, the sums at stake in patent licensing are trivial. Universities collectively earn only about $3.6 billion annually in patent income—less than the federal government spends on Social Security in a single day. Even confiscating half would barely register against a $6 trillion federal budget. And yet the damage from such a policy would be anything but trivial. The true return on taxpayer investment isn’t in licensing checks sent to Washington, but in the downstream economic activity that federally supported research unleashes. Thanks to the bipartisan Bayh-Dole Act of 1980, universities and private industry have powerful incentives to translate early-stage discoveries into real-world products. Before Bayh-Dole, the government hoarded patents from federally funded research, and fewer than 5% were ever licensed. Once universities could own and license their own inventions, innovation exploded. The result has been one of the best returns on investment in government history. Since 1996, university research has added nearly $2 trillion to U.S. industrial output, supported 6.5 million jobs, and launched more than 19,000 startups. Those companies pay…
Share
BitcoinEthereumNews2025/09/18 03:26
Spur Protocol Daily Quiz 21 February 2026: Claim Free Tokens and Boost Your Crypto Wallet
Spur Protocol Daily Quiz February 21 2026: Today’s Correct Answer and How to Earn Free In-App Tokens
The Spur Protocol Daily Quiz for February 21, 2026, is
Share
Hokanews2026/02/21 17:10
Big U.S. banks cut prime rate to 7.25% after Fed’s interest rate cut
The post Big U.S. banks cut prime rate to 7.25% after Fed’s interest rate cut appeared on BitcoinEthereumNews.com. Big U.S. banks have lowered their prime lending rate to 7.25%, down from 7.50%, after the Federal Reserve announced a 25 basis point rate cut on Wednesday, the first adjustment since December. The change directly affects consumer and business loans across the country. According to Reuters, JPMorgan Chase, Citigroup, Wells Fargo, and Bank of America all implemented the new rate immediately following the Fed’s announcement. The prime rate is what banks charge their most trusted borrowers, usually large companies. But it’s also the base for what everyone else pays; mortgages, small business loans, credit cards, and personal loans. With this cut, borrowing gets slightly cheaper across the board. Inflation still isn’t under control. It’s above the 2% goal, and the impact of President Donald Trump’s tariffs remains uncertain. Fed reacts to rising unemployment concerns Richard Flynn, managing director at Charles Schwab UK, said jobless claims are at their highest in almost four years, despite the Fed originally planning to keep rates unchanged through the summer. “Although the summer began with expectations of holding rates steady, the labor market has shown more signs of weakness than anticipated,” Flynn said. Hiring has slowed because of uncertainty around Trump’s trade policy. Companies are hesitating to add staff, which is why job growth has nearly stalled. As fewer people are hired, spending starts to shrink. And that’s when things start to unravel. That’s what the Fed is trying to get ahead of with this rate cut. The cut also helps banks directly. Lower rates mean more people may qualify for loans again. During the previous rate hikes, lending standards got tighter. Now, with cheaper credit, smaller businesses could get approved again. If well-funded businesses feel confident, they may hire again. That could eventually help the consumer side of the economy bounce back, but that’s…
Share
BitcoinEthereumNews2025/09/18 16:32