Trump supports the BITCOIN Act
May 28, 2025
The administration of U.S. President Donald Trump is actively working on a package of bills related to digital assets, including stablecoins, the regulatory framework for the cryptocurrency market, and the creation of a Strategic Bitcoin Reserve. This was stated by Wyoming Senator Cynthia Lummis during her speech at the Bitcoin 2025 conference in Las Vegas, Nevada.
Priority — a three-stage legislative process
According to Lummis, the administration is developing reforms in a clearly defined sequence:
- Legislation on stablecoins
- Reforming the market structure for digital assets
- Establishing a U.S. Strategic Bitcoin Reserve
“It’s likely they will be implemented in that exact order,” the senator emphasized.
Presidential support
Lummis highlighted that President Trump officially supports the BITCOIN Act — a bill she reintroduced in March. The bill proposes that the U.S. government acquire 1 million BTC over the course of five years.
The purchases are expected to be made using existing funds from the Federal Reserve and the U.S. Treasury, without placing an additional burden on taxpayers. This means using budget-neutral mechanisms, as clarified by administration officials.