U.S. President Donald Trump has publicly expressed his backing for the BITCOIN Act, a bill that would mandate the U.S. government to acquire one million bitcoins over the next five years. Funding for this initiative will be drawn from the Federal Reserve and Treasury Department’s existing reserves. Wyoming Senator Cynthia Lummis made the announcement at the Bitcoin 2025 conference. The White House has assembled a team of experts dedicated to advancing digital asset legislation, with their focus on stablecoins, market structure, and a strategic bitcoin reserve. These efforts will be introduced in stages. Senator Lummis noted that the Senate Banking Committee has already passed a stablecoin bill, and following consultations with the minority party, a full Senate vote is expected within a week of reconvening. David Sacks, Trump’s chief crypto advisor, previously reported the GENIUS Stablecoin Act received procedural approval with a 66:32 vote on May 19th and is likely to garner bipartisan support for final passage. #Bitcoin