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Trump supports bill to buy 1 million BTC — Senator Lummis

cryptoweekly by cryptoweekly
May 27, 2025
in bitcoin, News
0

The Trump administration is working on bills related to stablecoins, market structure and the Bitcoin Strategic Reserve “in that order.”

US President Donald Trump supports the BITCOIN Act and has a team of experts in the White House working to roll out landmark digital asset legislation in the coming weeks, according to Wyoming Senator Cynthia Lummis. 

Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Lummis said she is bringing the BITCOIN ACT to the “attention of the American people and the world,” adding that, “President Trump supports the bill.”

In March, Lummis reintroduced the BITCOIN Act — landmark legislation that directs the US government to acquire 1 million Bitcoin (BTC) over five years. The acquisitions would be financed using existing funds within the Federal Reserve System and the Treasury Department. 

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Recent Posts
  • Bitcoin eyes $105K pre-FOMC as Trump reveals Iran asked for dialogue
  • The empire strikes out: Institutionalists failed to kill the stablecoin bill
  • Pi Network migration problems: Users report KYC, 2FA and balance errors
  • Bitcoin’s invisible tug-of-war between suits and cypherpunks
  • Senate passes GENIUS stablecoin bill amid concerns over systemic risk
  • Circle’s USDC to become eligible collateral for US futures trading
  • How a fake tweet from Paraguay pushed Bitcoin to $110K

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