{"id":29062,"date":"2025-05-28T16:01:33","date_gmt":"2025-05-28T16:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29062"},"modified":"2025-05-28T16:01:33","modified_gmt":"2025-05-28T16:01:33","slug":"trump-backs-bill-to-buy-1-million-bitcoin-lummis-reveals-when","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29062","title":{"rendered":"Trump Backs Bill To Buy 1 Million Bitcoin \u2014 Lummis Reveals When"},"content":{"rendered":"
\n

The opening day of the Bitcoin 2025 conference delivered an unmistakable political signal: President Donald Trump has thrown his weight behind legislation that would require the United States to accumulate a strategic reserve of one million bitcoin. Wyoming Senator Cynthia Lummis disclosed the White House commitment during a policy-heavy session on the conference\u2019s main stage, flanked by Senators Marsha Blackburn and Jim Justice.<\/p>\n

Lummis Sets Timeline For Bitcoin Bill<\/h2>\n

\u201cPresident Trump supports the bill and he has a team in the White House working on digital-asset issues \u2014 everything from stablecoins to market structure to the Bitcoin Strategic Reserve \u2014 and they will probably roll out in that order,\u201d Lummis said<\/a>, bringing \u201cthe BITCOIN Act to the attention of the American people and the world.\u201d<\/p>\n

The sequencing matters. Lummis confirmed that the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act<\/a> cleared the Senate Banking Committee before the Memorial Day recess. \u201cWe\u2019re getting close to being ready to have it on the floor,\u201d she told the audience, noting that weeks of bipartisan negotiations produced a text the minority party could accept. \u201cWe should be voting on it the week we get back from this break. Then we\u2019ll do market structure, and then we\u2019ll do the Bitcoin strategic reserve.\u201d<\/p>\n

Modeled on the way Fort Knox anchors US gold holdings, the revised BITCOIN Act \u2014 first introduced in July 2024 and re-filed on 11 March 2025 \u2014 authorises the Treasury to purchase up to one million BTC over five years using \u201cbudget-neutral\u201d mechanisms already available to the Federal Reserve and the Exchange Stabilization Fund. At Wednesday\u2019s spot price of roughly $108,900, the position would be valued at about $108.9 billion, equal to 2.6 percent of the FY 2025 discretionary budget.<\/p>\n

Lummis framed the reserve as both an energy and a security imperative. \u201cWhen China forbade mining of Bitcoin, they did the United States a big favor because a lot of those mining operations came here,\u201d she said, echoing Trump\u2019s recent call to make \u201cBitcoin mining and America conjoined.\u201d Pairing domestic hash-rate dominance with federal accumulation, she argued, would give Washington a \u201cgeopolitical advantage.\u201d<\/p>\n

That view, she added, is shared by senior uniformed officers. \u201cI\u2019ve talked to generals in our military who understand that economic power is as important as military power in addressing aggressors around the world \u2014 and there are generals \u2026 who are big supporters of having a strategic Bitcoin reserve for that reason.\u201d<\/p>\n

State-level momentum is reinforcing the federal push. Arizona, Texas<\/a> and New Hampshire enacted their own strategic-reserve statutes this year, and lawmakers in another thirty jurisdictions debated similar measures. \u201cThe states are where the innovation is occurring,\u201d Lummis said, positioning local initiatives as policy laboratories that can be rapidly scaled.<\/p>\n

Abroad, the United Arab Emirates is building exposure through US-listed spot ETFs, while the Czech National Bank<\/a> is studying BTC as a reserve diversifier. \u201cThat\u2019s good for America because they\u2019re going to build their sovereign wealth in Bitcoin through an American ETF,\u201d she added.<\/p>\n

Although the White House on March 7 issued an executive order<\/a> directing agencies to lay groundwork for a federal Bitcoin stockpile, only Congress can appropriate funds or modify debt-management statutes \u2014 a hurdle the BITCOIN Act is designed to clear. With the stablecoin framework poised for a floor vote in early June and market-structure legislation queued behind it, Lummis told delegates to remain mobilised. \u201cAt that time we\u2019ll be calling on you to help members of Congress in your states understand the importance,\u201d she said, underscoring the tight legislative calendar before the August recess.<\/p>\n

For now, the path to a trillion-satoshi reserve runs through the Senate cloakrooms. But the political optics are shifting: a sitting president has endorsed federal Bitcoin accumulation, the Pentagon is quietly blessing the concept, and three US states have already legislated partial blueprints.<\/p>\n

At press time, BTC traded at $108,905.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

The opening day of the Bitcoin 2025 conference delivered an unmistakable political signal: President Donald Trump has thrown his weight behind legislation that would require the United States to accumulate a strategic reserve of one million bitcoin. Wyoming Senator Cynthia Lummis disclosed the White House commitment during a policy-heavy session on the conference\u2019s main stage, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29062","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29062"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29062\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}