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President Trump Endorses Pro-Bitcoin Senator Cynthia Lummis for 2026 Reelection
In a strong show of support, former U.S. President Donald Trump has officially endorsed Senator Cynthia Lummis of Wyoming for her 2026 reelection campaign. Trump, who is known for his active presence on the Truth Social platform, lauded Lummis as an “America First Warrior,” emphasizing her pioneering efforts in shaping crypto policies. He praised her commitment to transforming the United States into a global hub for cryptocurrency, stating, “As the Chair of the Senate Banking Subcommittee on Digital Assets, Cynthia is working closely with me to make America the Crypto Capital of the World. Cynthia is fighting tirelessly to grow the economy, cut taxes and regulations, secure our border, defend our always under siege Second Amendment, strengthen our incredible military/vets, and put our great farmers, ranchers, and energy producers first.”
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Lummis, expressing her gratitude on X, reiterated her dedication to the people of Wyoming: “Powder River Let ‘R Buck. Thank you, President Trump! I will never stop fighting for Wyoming. Its people are proud patriots, freedom maximalists, and lovers of liberty. It truly is the last best place on earth. America First. America Always.”
The Significance of Lummis’ Advocacy for Bitcoin
Senator Cynthia Lummis, who secured her Senate seat in 2020 by defeating Democratic challenger Merav Ben-David, has rapidly become one of the most vocal supporters of Bitcoin on Capitol Hill. Her appointment as Chair of the Senate Banking Subcommittee on Digital Assets places her at the forefront of the national discourse on cryptocurrency regulation.
A key initiative under her leadership is the reintroduction of the BITCOIN Act, which suggests that the Treasury Department acquire one million Bitcoins over a span of five years. This move aligns with Trump’s endorsement and Lummis’ ongoing efforts to establish a clear regulatory framework for digital assets and a U.S. Strategic Bitcoin Reserve. Trump has already sanctioned this initiative through an executive order, directing the Secretaries of Treasury and Commerce to devise budget-neutral strategies for Bitcoin acquisition.
At the DC Blockchain Summit held on March 26, 2025, Lummis highlighted her continuous pursuit of fiscal balance, proposing Bitcoin as a potential long-term asset capable of significantly reducing national debt. She drew comparisons to Wyoming’s historical approach of diversifying investments derived from mineral wealth, suggesting Bitcoin could now play a similar role.
Strategic Bitcoin Reserve: A Budget-Neutral Proposal
Lummis proposed leveraging the face value of the nation’s gold certificates, which are currently valued at $42 per ounce, a figure from 1974. She suggested updating these certificates to reflect current market values, potentially converting them to Bitcoin. “We could take our gold certificates, which are currently held at the Federal Reserve on the books at their 1974 value, which is $42 an ounce. Now, most of us know that gold has gone closer to 3,000 an ounce. So if we took those gold certificates, not physical gold, let’s keep our physical gold. Let’s take the gold certificates, bring them up to current fair market value, and convert them to Bitcoin,” she explained.
Further elaborating on budget-neutral avenues for Bitcoin acquisition, Lummis suggested utilizing U.S. energy assets to generate Bitcoin, aligning with President Trump’s directive to create a strategic Bitcoin reserve without burdening taxpayers.
As of the latest market update, Bitcoin is trading at $87,495.
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