U.S. President Donald Trump announced his full support for the BITCOIN Act, reintroduced by Senator Cynthia Lummis. The law proposes that the U.S. government purchase 1 million BTC within five years. These purchases are planned to be made using existing resources from the Federal Reserve System and the Treasury Department, without imposing additional burdens on taxpayers. 

Senator Lummis spoke at the Bitcoin 2025 Conference in Las Vegas. She stated that the Trump administration has formed an active team working on digital assets, focusing on topics such as stablecoins, market structure, and the BTC Strategic Reserve. Furthermore, Lummis declared: 

“I present the BITCOIN Act to the attention of the American people and the world,” adding, “President Trump supports the bill.” 

At the Bitcoin Conference, Lummis explained that the Trump administration has a team working on regulations for digital assets like stablecoins, market structure, and the Bitcoin Strategic Reserve. 

“These issues will likely be addressed sequentially,” she said. 

She also announced, “The Senate Banking Committee has approved the stablecoin bill.” 

“We are very close to bringing the bill to a vote. We have worked for hours to reach a consensus with the minority party. The vote must happen before this recess ends,” she added. 

In March 2025, Trump signed an executive order establishing the Strategic BTC Reserve, which includes about 200,000 BTC owned by the U.S. This reserve aims to strengthen the U.S.’s leadership in digital assets and enhance its economic security. 

If the BITCOIN Act is passed, the U.S. government will own about 5% of the total BTC supply. Additionally, stablecoins have become one of the most significant use cases of blockchain technology. Industry experts say stablecoins could enhance the dominance of the U.S. dollar as the world’s global reserve currency. 

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