Background and Senator’s Role
Senator Lummis has been a vocal supporter of digital assets since her election in 2020, particularly focusing on Bitcoin and stablecoins. Her appointment as the first-ever chair of the Senate Banking Subcommittee on Digital Assets, announced on January 23, 2025, marks a significant milestone .
This subcommittee, part of the 119th Congress, is tasked with developing bipartisan legislation to regulate digital assets, focusing on market structure, stablecoins, and a strategic Bitcoin reserve.
In a press release from January 23, 2025, she stated, “Digital assets are the future, and if the United States wants to remain a global leader in financial innovation, Congress needs to urgently pass bipartisan legislation establishing a comprehensive legal framework for digital assets and that strengthens the U.S. dollar with a strategic bitcoin reserve.” This aligns closely with the user’s quote, suggesting it may be a paraphrase or a summary of her broader message.
Advocacy for Digital Assets and Bitcoin Reserve
Lummis’s advocacy extends to proposing the BITCOIN Act, which calls for the U.S. Treasury to acquire 1 million bitcoins as a strategic reserve, similar to gold reserves. This proposal, discussed in various reports, aims to stabilize the dollar and position the U.S. as a leader in digital asset adoption .
She believes this move would enhance financial innovation and protect against economic instability.
Her leadership was further highlighted during the inaugural Digital Assets Subcommittee hearing on February 27, 2025, where witnesses emphasized the need for clear regulatory frameworks to promote growth and maintain the nation’s reputation as a global leader .
She noted, “We are on the precipice of finally creating a bipartisan legislative framework for both stablecoins and market structure,” indicating her proactive approach.
| Focus Area | Details |
|---|---|
| Bipartisan Legislation | Promotes responsible innovation, protects consumers, includes market structure, stablecoins, and a strategic bitcoin reserve. |
| Oversight | Ensures federal financial regulators follow the law, prevents Operation Chokepoint 2.0. |
This table summarizes the subcommittee’s focus areas, reflecting Lummis’s commitment to balanced regulation.
Context of the Quote and Public Statements
While the exact quote “We either embrace them, or we lose” was not found verbatim in the searched sources, it resonates with her public statements. For instance, in a 2021 interview with The Wolf of All Streets podcast, she discussed the need for better regulatory policies for cryptocurrencies, stating, “Digital assets need to be embraced because they are secure and private, with faster and cheaper transactions than traditional finance” .This aligns with the urgency implied in the user’s quote.
Her support for President Trump’s digital asset executive order, praised on January 24, 2025, further underscores her pro-crypto stance, stating, “Under President Trump’s leadership, the United States will be the global leader in financial innovation and digital asset advancement” . This context suggests the quote captures her broader message about the necessity of adoption.
