{"id":43284,"date":"2025-05-28T12:40:24","date_gmt":"2025-05-28T09:40:24","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=43284"},"modified":"2025-05-28T12:37:40","modified_gmt":"2025-05-28T09:37:40","slug":"trump-supports-bitcoin-act-us-buy-1-million-btc","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/trump-supports-bitcoin-act-us-buy-1-million-btc\/","title":{"rendered":"Bitcoin Law on the Agenda with Trump&#8217;s Support!"},"content":{"rendered":"<h2>Trump Backs Bitcoin Act<\/h2>\n<p><span data-contrast=\"auto\">U.S. President <strong>Donald Trump<\/strong> announced his full support for the <strong>BITCOIN Act<\/strong>, 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.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Senator Lummis spoke at the <strong>Bitcoin 2025 Conference<\/strong> 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 <strong>BTC Strategic Reserve<\/strong>. Furthermore, Lummis declared:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<blockquote><p><span data-contrast=\"auto\">\u201cI present the BITCOIN Act to the attention of the American people and the world,\u201d adding, \u201cPresident Trump supports the bill.\u201d<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/blockquote>\n<p><span data-contrast=\"auto\">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.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<blockquote><p><span data-contrast=\"auto\">&#8220;These issues will likely be addressed sequentially,&#8221; she said.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">She also announced, \u201cThe Senate Banking Committee has approved the stablecoin bill.\u201d<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/blockquote>\n<p><span data-contrast=\"auto\">\u201c<span style=\"color: #000000;\">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,<\/span>\u201d she added.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In March 2025, <a href=\"https:\/\/coinengineer.net\/blog\/trump-media-bitcoin-treasury-deal-2025\/\"><strong>Trump<\/strong><\/a> signed an executive order establishing the Strategic <a href=\"https:\/\/coinengineer.net\/blog\/alphractal-bitcoin-selling-pressure-src-indicator\/\"><strong>BTC<\/strong><\/a> Reserve, which includes about 200,000 BTC owned by the U.S. This reserve aims to strengthen the U.S.\u2019s leadership in digital assets and enhance its economic security.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">If the BITCOIN Act is passed, the <strong>U.S. government<\/strong> will own about 5% of the total BTC supply. Additionally, <strong>stablecoins<\/strong> have become one of the most significant use cases of <strong>blockchain<\/strong> technology. Industry experts say stablecoins could enhance the dominance of the<strong> U.S. dollar<\/strong> as the world\u2019s global reserve currency.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\"> <em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump Backs Bitcoin Act 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<\/p>\n","protected":false},"author":36,"featured_media":43285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[16580,16577,16586,16587,16584,16578,16582,16579,16585,10332,16583,7667,16581],"class_list":["post-43284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin-2025-conference","tag-bitcoin-act-2025","tag-bitcoin-digital-assets-law","tag-bitcoin-government-buy","tag-bitcoin-market-structure","tag-donald-trump-bitcoin-support","tag-federal-reserve-bitcoin","tag-senator-cynthia-lummis-bitcoin-bill","tag-stablecoin-bill-senate","tag-strategic-bitcoin-reserve","tag-treasury-bitcoin-purchase","tag-us-bitcoin-reserve","tag-us-government-bitcoin-purchase"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Law on the Agenda with Trump&#039;s Support! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/trump-supports-bitcoin-act-us-buy-1-million-btc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Law on the Agenda with Trump&#039;s Support! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Trump Backs Bitcoin Act U.S. President Donald Trump announced his full support for the BITCOIN Act, reintroduced by Senator Cynthia Lummis. 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