« President Trump supports the bill ». It is once again the Senator Cynthia Lummis who has just confirmed the support of the White House to his Bitcoin Act bill which provides for the purchase of 1 million BTC in 5 years. During the conference Bitcoin 2025 Who was held in Las Vegas, the Wyoming senator also said that the president had set up a team of experts to work on the various bills relating to digital assets and that they should be presented in the coming weeks. We take stock of the declarations of the very Bullish Mrs. Lummis.
- President Trump supported the Bitcoin Act bill of senator Cynthia Lummis aimed at the purchase of 1 million BTC in five years.
- A team of experts, set up by Donald Trump, worked on various bills relating to digital assets, promising imminent legislative advances.
Senator Cynthia Lummis confirmed the support of the White House…
During the conference Bitcoin 2025 which took place at Las Vegas Between May 21 and 23, the senator Cynthia Lummis therefore spoke to talk about his bill Bitcoin Act And she notably said this:
« I carry the Bitcoin Act to the attention of the American people and the whole world (…) and President Trump supports the bill. »»
Cynthia Lummis, Wyoming Senator – Source: Cointelegraph
As a reminder, this bill was tabled in the Senate last March and it provides that the federal government buys 1 million BTC over a period of five years. These acquisitions would be funded by existing funds within the Federal Reserve system and the Treasury Department.
But that’s not all, because Cynthia Lummis also said that Donald Trump had set up a team of experts to work on other bills relating to digital assets.
… Bitcoin bills and digital assets
The senator said that this team was working on digital asset issues and in particular on bills concerning stablecoins, the market structure and the Bitcoin Strategic Reserve. She then said that these bills should be presented in this order and that work was well advanced.
Compared to the bill on stablecoins, the Guiding and Establishing National Innovation for Us Stablecoins Act (Genius), she confirmed that the Senate banking committee had approved the text and that it should be voted before the summer break. This bill is supported by the White house and by Donald Trump’s crypto advisor, David Sackswho recently declared that he would go to the Senate with bipartisan support.
The final vote of the Genius bill is therefore expected in the coming weeks and it could mark a turning point in the regulation of stablecoins in the United States. He could above all bring billions of dollars to uncle Sam, at least, that’s what thinks and says The famous Czar crypto of the American president.