Trump Backs $1B Bitcoin Buy Proposal: Senator Lummis

Senator Cynthia Lummis announced that President Donald Trump supports her proposed Strategic Bitcoin Reserve Act, which would authorize the U.S. to purchase one million bitcoins over five years. At the Bitcoin 2025 Conference in Las Vegas, Lummis shared that Trump has a team in the White House focused on digital assets and backed her bill. The “BITCOIN Act,” first introduced in July 2024, aims to create a national Bitcoin reserve.