U.S. Senator Cynthia Lummis has confirmed that preparations for the U.S. Strategic Bitcoin Reserve (SBR) are ready to begin. However, legislative delays are currently hindering progress. Lummis highlighted this in a recent statement on X, acknowledging the challenges faced by the process but also pointing to President Donald Trump’s executive order which paved the way for potential fund acquisition. This follows comments from Jeff Park, chief investment officer at ProCap BTC, who explored the possibility of using U.S. government reserves to invest in Bitcoin (BTC). Park highlighted the significant fiscal deficit and suggested leveraging $1 trillion in paper gains from gold to invest in Bitcoin. Lummis expressed support for these proposals, however, the method for raising funds remains unclear. While initial funding is slated to come from seized Bitcoin by the Department of Treasury, additional funding sources remain to be determined. Despite seven months passing since President Trump’s Executive Order to establish the SBR, the reserve’s concrete form hasn’t been finalized, leaving speculation about its launch timeline. Bitcoin market watchers are closely awaiting potential announcements related to Bitcoin acquisitions from the government.