In a striking development at the Bitcoin 2025 conference in Las Vegas, Senator Cynthia Lummis of Wyoming confirmed that former President Donald Trump is throwing his support behind the ambitious BITCOIN Act — a legislative proposal that would see the U.S. government acquire up to one million Bitcoin over the next five years.
Lummis, a vocal advocate for digital assets on Capitol Hill, made the announcement during a keynote address that was met with strong enthusiasm from attendees. According to the senator, the Trump administration is assembling a dedicated team of digital asset experts in the White House to work on pivotal crypto legislation, including the BITCOIN Act, stablecoin regulation, and digital market structure — likely to be introduced in that sequence.
“We are putting this initiative on the radar not just for Americans, but for the world,” Lummis declared, noting that President Trump is “on board” with the legislation. Her proposal, which was reintroduced to Congress earlier this year, outlines a plan for the U.S. to acquire Bitcoin using existing funds already within the Treasury Department and Federal Reserve System. Importantly, the initiative is designed to be budget-neutral, meaning taxpayers wouldn’t bear the cost of building this historic crypto reserve.
The BITCOIN Act would direct federal agencies to gradually acquire Bitcoin, capping out at 1 million BTC over a five-year span. The idea, proponents argue, is to solidify Bitcoin’s position as a strategic financial asset and help the U.S. maintain monetary influence in an increasingly digital world.
This push comes amid a broader shift in Washington’s attitude toward cryptocurrencies. According to Lummis, digital asset legislation is finally gaining traction — a rare bipartisan interest in today’s polarized political climate. “We’ve worked for untold hours with the minority party to get the stablecoin bill into a shape that works for everyone,” she said, adding that the Senate Banking Committee has already passed the bill out of committee and could see a floor vote as soon as Congress returns from recess.
The BITCOIN Act isn’t the only piece of legislation making waves. David Sacks, Trump’s top adviser on digital assets, also confirmed growing momentum behind the GENIUS Act — short for Guiding and Establishing National Innovation for US Stablecoins. The bill aims to create a comprehensive federal framework for regulating dollar-pegged stablecoins. After clearing a key procedural hurdle in the Senate with a 66–32 vote, the GENIUS Act is now well-positioned for further debate and eventual passage.
Stablecoins like Tether’s USDT and Circle’s USDC already dominate the $250 billion stablecoin market, accounting for over 85% of the total volume. Supporters of the GENIUS Act believe a well-regulated stablecoin framework could further cement the U.S. dollar’s role as the world’s reserve currency in the digital age.
The coordinated push from the Trump camp signals a major political recalibration on crypto policy — one that seeks to not only embrace digital innovation but also use it to fortify America’s financial infrastructure.
As the 2024 election cycle heats up, crypto is poised to become more than a niche issue — it’s quickly evolving into a significant pillar of national economic strategy. With support from key lawmakers and a receptive former president, the road to a federally managed Bitcoin reserve may no longer be just an idea, but an emerging reality.
