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Trump supports the BITCOIN Act, calling on America to buy 1 million Bitcoin in 5 years.
At the Bitcoin 2025 conference in Las Vegas, Wyoming Senator Cynthia Lummis confirmed that President Donald Trump supports the BITCOIN Act – a historic bill calling for the U.S. government to purchase 1 million Bitcoin over 5 years, using the existing budget of the Federal Reserve and the Department of Fintech.
The expert group at the White House is working to promote legislation on digital assets, including stablecoins, market structure, and the Bitcoin Strategic Reserve Fund. The GENIUS stablecoin bill is expected to be passed by the Senate soon with bipartisan support.
GENIUS is a comprehensive federal law aimed at establishing a legal framework for US dollar stablecoins, an asset that accounts for over 85% of the $250 billion stablecoin market, with names like Tether (USDT) and Circle (USDC).