
The Czech Republic is planning to establish a Bitcoin reserve, potentially becoming the first nation to do so. ย
US Senator Lummis is urging the US to create its own Bitcoin reserve, warning against falling behind other countries. ย
The Czech Republic's move, along with other Bitcoin-friendly initiatives, highlights the growing global interest in Bitcoin adoption.
The Czech Republic is making moves to adopt a Bitcoin reserve, putting pressure on the U.S. to act. Senator Cynthia Lummis
Cynthia Lummis
Cynthia Lummis is a U.S. Senator and an advocate of cryptocurrency regulation in the United States. A passionate advocate for Bitcoin, she backs initiatives that foster blockchain advancement while providing regulatory certainty.
Quick Facts
Full name Cynthia Marie Lummis Wiederspahn Birth 10-09-1954, Cheyenne, Wyoming, United States Nationality American Education Juris Doctor from the University of Wyoming Husband/Partner Alvin Wiederspahn Net worth $13 million estimated
Cynthia Lummis introduced the BITCOIN Act of 2025, an innovative legislation that outlines a national cryptocurrency framework aimed at creating a Strategic Bitcoin Reserve (SBR) to improve America’s financial safety, international competitiveness, and economic independence.
Cynthia Lummis - Timeline and Events
2009 – Elected as U.S. Representative for Wyoming.
2013 – Advocated for digital financial innovation in Congress.
2020 – Elected as U.S. Senator, openly supporting Bitcoin.
2021 – Formed the Financial Innovation Caucus for crypto legislation.
2022 – Co-introduced the Lummis-Gillibrand Responsible Financial Innovation Act.
2023 – Pushed for clearer crypto regulations in the U.S. Senate.
2024 – Continued advocating for Bitcoin-friendly policies in Congress.
Through her efforts in Congress, she aims to establish the U.S. as a worldwide leader in blockchain technology, promoting financial innovation while safeguarding investor protection.
Useful Links To Connect With Cynthia Lummis
Platform Link X (formerly Twitter) twitter.com/CynthiaMLummis LinkedIn profile linkedin.com/in/cynthia-lummis Bitcoin policy blog bitcoinpolicyinstitute.org Official website lummis.senate.gov
Useful Links To Connect With Cynthia Lummis
Platform Link X (formerly Twitter) twitter.com/CynthiaMLummis LinkedIn profile linkedin.com/in/cynthia-lummis Bitcoin policy blog bitcoinpolicyinstitute.org Official website lummis.senate.gov
Investor is urging the U.S. government to move forward with its own Bitcoin reserve proposal before other nations take the lead. While her idea has sparked interest globally, the U.S. has yet to take action.
Senator Lummis believes the U.S. must secure its position in the digital economy by establishing a Bitcoin reserve. In a post on X, she warned,
โIf youโre not first, youโre last. America must take decisive action to establish a Strategic Bitcoin Reserve and secure its place in the 21st century,โ
Czech Republic Takes Bold Steps Toward Bitcoin Adoption
Inspired by Donald Trumpโs crypto-friendly stance, countries like the Czech Republic are moving forward with Bitcoin adoption. Meanwhile, Arizona and Utah have recently passed Bitcoin-related bills, signaling a shift toward more crypto-friendly policies in the U.S.
Lummisโ concerns come after the Czech Republic announced plans to hold billions of dollars in Bitcoin. On Wednesday, Governor Aleลก Michl revealed that the country is preparing a Bitcoin acquisition bill. If approved, it would make the Czech Republic the first nation to officially establish a Bitcoin reserve.
Czech National Bank to Invest Billions in Bitcoin
Earlier this year, Governor Michl expressed interest in adding Bitcoin to the Czech National Bankโs (CNB) balance sheet for diversification. Now, the CNB has confirmed plans to allocate $7.3 billionโabout 5% of its reserves – into Bitcoin.
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With global interest in Bitcoin reserves growing, the big question remains: Will the U.S. step up, or will it fall behind in the digital asset race?