U.S. Republican Senator Cynthia Lummis, as the proponent of the 2024 BITCOIN Act, has clearly positioned 2025 as the "Year of Bit."
Cynthia Lummis revealed that she has met with David Sacks, the AI and Crypto Czar appointed by President-elect Trump (Donald Trump), and the two have had in-depth discussions on the relevant matters of the Bit strategic legislation.
Lummis tweeted on Tuesday, December 17th, saying: "In 2025, Bit and digital assets will see their heyday. With the help of Sacks as the Crypto Czar, we can expect the most supportive regulatory environment for digital assets in history. I look forward to working with Sacks to drive a comprehensive digital asset legislative process and implement my proposed Bit strategic reserve plan."
Bitcoin.com News reported that Lummis praised the incoming Trump administration as the "strongest supporter of digital assets in history" and warmly welcomed Trump's appointment of Sacks as the "Crypto Czar."
Lummis is renowned for her active advocacy of Bit, having proposed legislative initiatives such as the Bit Act, and advocating for the establishment of a strategic Bit reserve for the U.S. She is committed to promoting the establishment of a clear regulatory framework, aiming to deeply integrate digital assets into the economic system and provide solid legal protection for investors and businesses.
Lummis' proposed Bit strategic reserve is a reflection of her vision to strengthen the core position of Bit in the financial system. She firmly believes that the widespread application of cryptocurrencies is crucial for enhancing economic competitiveness and driving innovation, and has stated that "Bit is the most trustworthy currency we have."
As a renowned venture capitalist and an early investor in tech giants like PayPal, Sacks has been entrusted by Trump to lead the government's digital asset plan. As a staunch supporter of cryptocurrencies, he advocates for a balanced regulatory approach that addresses security issues while promoting innovative development.
Trump previously issued a statement, confirmed by CNN, praising "Sacks as a long-standing advocate of the 'America First' agenda. On the eve of America's 250th anniversary, he will help me usher in a new golden age for America, consolidating our position as the world's leading economy, innovation and entrepreneurship hub, and capital destination, while undoubtedly maintaining the US dollar's status as the world's reserve currency."
Sacks is a devoted fan of cryptocurrencies, stating in a July interview: "Cryptocurrencies represent freedom, and the crypto economy will continue to exist."
Sacks' nomination reflects the Trump administration's determination to incorporate cryptocurrencies into the policy core. Industry leaders generally believe that the combination of Sacks' leadership skills and Lummis' legislative efforts could lay a solid foundation for comprehensive cryptocurrency-friendly laws and potential regulatory reforms in 2025.
Lummis' legislative ambition, Sacks' professional expertise, and Trump's strong support collectively foreshadow a new era of cryptocurrency support in Washington. Supporters are confident that this will provide clearer guidance principles for digital assets and accelerate the widespread adoption of Bit at the national level.
Lummis also expressed her support for Trump's appointment of Scott Baerson as Treasury Secretary, praising him as a "staunch defender of digital assets and an important partner in my strategic Bit reserve plan." She stated that she looks forward to working closely with the future Treasury Secretary to restore fiscal responsibility.
