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US Space Force Major Applies for Military Advisor Position on Bitcoin Strategy

source-logo  news.bitcoin.com 20 November 2024 04:56, UTC

A U.S. Space Force major aims to shape defense policy by advocating a national bitcoin reserve and highlighting proof-of-work technology’s role in strategic security.

Jason Lowery Pushes for Bitcoin Strategy Role in National Security Council

Jason Lowery, a major in the U.S. Space Force and a prominent advocate for bitcoin’s role in defense strategies, has applied to become a military advisor. In a post on X Monday, he revealed: “I can confirm that I have submitted an application to serve as a military advisor on the National Security Council (NSC) and/or the White House Office of Science & Technology Policy (OSTP).” Lowery added:

My goal is to advise the Department of Defense on the national strategic significance of Proof-of-Work (PoW) technology and provide senior leaders with policy recommendations related to a strategic bitcoin stockpile and the U.S. Hash Force.

“I’m not sure if I’ll be accepted, but the application is in. If you’re supportive of this position, your advocacy is appreciated,” he noted.

His comment responded to X user “Seahawkmom,” who suggested to U.S. Senator Cynthia Lummis: “I recommend Maj Jason Lowery for presidential advisor on the advancement of bitcoin as a national strategic asset.” André Dragosch, European head of research at asset management firm Bitwise, pointed out on X that the probability of the U.S. adopting a national bitcoin reserve had surpassed 50%, based on Polymarket.

President-elect Donald Trump has introduced plans for a national bitcoin reserve as part of broader efforts to cement U.S. leadership in the cryptocurrency space. The proposal includes retaining the government’s current BTC holdings and potentially expanding them to establish a robust reserve. This strategy is seen by some as a countermeasure against the rising cryptocurrency influence of other nations.

In July, Senator Lummis introduced the Bitcoin Act, a legislative proposal designed to create a strategic bitcoin reserve to strengthen the U.S. dollar and address national debt. The act outlines a plan for the U.S. Treasury to purchase up to 1 million BTC over five years, equivalent to approximately 5% of the cryptocurrency’s total supply. The funding would come from existing Federal Reserve and Treasury assets.

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