Sen. Cynthia Ramis said the acquisition of funds for the strategic Bitcoin reserve can be “started at any time”, but no actual purchases have yet to happen.
Her post from X shows that while the legal path appears to be open, the measures necessary within the government are still moving slowly.
The report reveals that bureaucratic work and law are what Ramis called “slow.”
Lawmakers say funds could start
Based on the report, plans laid out by the administration will first use Bitcoin (coins seized in civil or criminal cases) already held by the Ministry of Finance.
Official fact sheets say future purchases are “budget neutral” and do not charge additional fees for taxpayers.
Some financial voices are bolder ideas than they come to mind. Jeff Park, Chief Investment Officer at Procap BTC, discussed the possibility that the government could raise gold-to-back paper profits to around $1 trillion as a move to Bitcoin.
This is a great clarity of why passing the SBR and Bitcoin Act makes so much sense.
Legislation is slow and we continue to work towards passing, but thanks to President Trump, we can always start to acquire funds for the SBR. https://t.co/gukezbpqr4
-Cynthia Lummis (@cynthiamlummis) October 6, 2025
Park argued that taking a measured $1 trillion position compared to a federal debt of around $37.88 trillion is a small step.
He drew a long-term line: if Bitcoin rose at 12% a year, investors could see around 30 times in 30 years. It’s not a plan, it’s a prediction.
The source of funding remains unknown
There is no clear mechanism as to how additional Bitcoin will be purchased beyond the seized coins. The report discloses phrases like “Budget-Neutral Path,” but does not show the method set.
BTCUSD trading at $124,095 on the 24-hour chart: TradingView
The options mentioned in public conversations range from the sale of assets to reallocating unrealized profits, but there is no legal precedent for use in this type of strategic reserve. That uncertainty is why lawmakers and market watchers continue to seek more details.
It has been seven months since US President Donald Trump signed an executive order to establish a sanctuary.
The move set policy goals but did not lay out the rules the Treasury would use to act. According to Lumis, officials can move, but they have not yet run the machine.
Market reactions and outlook
Investors and commentators often watch it. Anthony Pompliano told CNBC that when they don’t just sit on the coins the US already holds, they also start to buy Bitcoin, they’ll have a real market shock.
Many cryptography consider official government purchases to be the primary verification. At the same time, regulators and budget officials may require clear legal authority and an explanatory process before spending public resources.
Vaneck featured images, TradingView charts
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