US Senator Cynthia Lummis has indicated that certain divisions within the American military are backing the idea of a national Bitcoin reserve to address threats from economic wars.
During a Bloomberg interview on June 3, Lummis said that some US generals, especially those based in Southeast Asia, support the idea of storing BTC as part of a strategic geopolitical move.
“All we need to do is look to the leadership of the current US military to find support for a strategic Bitcoin reserve,” Lummis said, adding that:
“There are generals, especially in Southeast Asia, who believe it’s important to have a strategic Bitcoin stockpile because we’re doing an economic war with China and we have to prepare for a guns and bullets war. But we need both.”
Cointelegraph reached out to the US Department of Defense for comment but did not receive a response by the time of publication.
Her remarks came during a segment about tensions between China and the United States as the country has been at the center of the Trump administration’s trade wars. Trump’s tariffs initially applied to most US trading partners, but the administration later suspended many of them, except those targeting China. The two nations eventually reached a temporary trade deal, easing tensions.
Trump has been vocal about making the US the “world capital of crypto” in his second term at the White House. “If we don’t do it, China is going to pick it up and China’s going to have it, or somebody else, but most likely China,” he told Bloomberg while campaigning in 2024.
China has implemented a comprehensive ban on crypto activities since 2021, while still betting on blockchain technology to power projects such as its central bank digital currency, the digital yuan.
Speaking at Bitcoin 2025 on May 28, US Vice President JD Vance emphasized the geopolitical importance of Bitcoin. According to him, the US must sustain its leadership in the crypto industry to remain competitive in the new digital finance landscape.
Related: Trump tariff negotiations are ‘all about’ China deal — Raoul Pal
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