FameEX Hot Topics | Trump Endorses Bill for U.S. to Buy 1M BTC

The Trump administration is prioritizing legislation on digital assets, with stablecoins, market structure, and a Bitcoin Strategic Reserve bill currently in development — and expected to roll out in that order. This direction was confirmed by Senator Cynthia Lummis during her appearance at the Bitcoin 2025 conference in Las Vegas, where she reaffirmed her commitment to advancing cryptocurrency policy at the federal level.

Lummis used the conference platform to spotlight the reintroduction of the BITCOIN Act, a landmark proposal that would mandate the U.S. government to acquire 1 million Bitcoin over a five-year period. According to the senator, President Trump is fully supportive of the bill. The proposed Bitcoin purchases would be funded using existing resources from the Federal Reserve System and the Treasury Department, ensuring no additional burden is placed on taxpayers. The Trump administration has emphasized the importance of maintaining “budget-neutral” strategies for building a national Bitcoin reserve.

The legislative focus begins with stablecoins, as Lummis noted that the Senate Banking Committee has already passed a stablecoin bill out of committee. “We’re getting close to being ready to have it on the floor,” she said, highlighting extensive negotiations with the minority party to gain bipartisan support. A vote on the bill is expected shortly after the current recess, marking a key milestone in the administration’s digital asset agenda.

Adding momentum, David Sacks, Trump’s chief crypto adviser, recently stated that the GENIUS Act — the Guiding and Establishing National Innovation for US Stablecoins Act — is expected to pass the Senate with bipartisan backing. It cleared a critical procedural vote on May 19, suggesting that broader legislative approval is imminent.

Stablecoins are increasingly recognized as a pivotal application of blockchain technology, with advocates arguing that a properly regulated stablecoin ecosystem could bolster the U.S. dollar’s role as the world’s leading reserve currency. As the Trump administration moves forward with its digital asset agenda, stablecoins appear to be the first domino in a larger plan to reshape America’s financial infrastructure through blockchain innovation.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.