Key Takeaways
- Ro Khanna endorses the idea of a strategic bitcoin reserve.
- Bipartisan support grows for U.S. holding bitcoin as a reserve asset.
- Lummis, Trump, and Kennedy have backed similar bitcoin reserve proposals.
Rep. Ro Khanna recently endorsed the idea of a strategic bitcoin reserve, marking significant bipartisan support for this initiative.
Speaking on the Unchained Podcast, Khanna explained that bitcoin could be a valuable reserve asset for the U.S. due to its potential for appreciation:
We want to make sure that we have the openness to having bitcoin as part of the Federal Reserve and as a reserve asset.
Other figures
Khanna’s stance aligns with other prominent political figures, such as Senator Cynthia Lummis, who introduced a bill in July proposing that the U.S. purchase 1 million bitcoin to secure 5% of the entire network.
Former President Donald Trump and Robert F. Kennedy Jr. have also voiced their support for similar initiatives.
Trump has proposed maintaining the government’s existing bitcoin holdings, while Kennedy suggested acquiring 1 million BTC.
Party lines
Khanna’s comments add weight to the growing acceptance of bitcoin across party lines.
As one of the Democratic party’s most vocal advocates for crypto, he has pushed for policies to reshape the party’s stance on bitcoin, urging it to adopt a more innovation-friendly approach.
This could pave the way for broader political backing for a strategic bitcoin reserve in the future.
