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Senator Lummis Says Trump Supports ‘Bitcoin Act’ to Buy 1 Million BTC

by Sham
May 27, 2025
in Bitcoin, Crypto, Finance, Opinion
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Analysts Say Bitcoin Will Soar After Bitcoin ACT Approval — How High Could It Go?
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  • Senator Cynthia Lummis confirmed Trump supports the Bitcoin Act, which proposes buying 1 million BTC over five years.
  • She said Bitcoin is now seen as a strategic asset, just as vital as military strength.
  • The bill is expected to be introduced in Congress next week, signaling a pro-crypto shift from the Trump administration.

At the Bitcoin 2025 event in Las Vegas on the 27th, U.S. Senator Cynthia Lummis made a headline-grabbing statement: President Trump is backing the Bitcoin Act. Yep, the bill that proposes the U.S. government buy up 1 million BTC over five years is apparently getting full support from the Oval Office.

BREAKING: 🇺🇸 SENATOR LUMMIS SAYS BILL TO BUY 1 MILLION BITCOIN $BTC HITS THE FLOOR NEXT WEEK 🚀👀 pic.twitter.com/nJek7Ky2QN

— BlockNews (@blocknewsdotcom) May 27, 2025

Speaking to the crowd, Lummis said, “Economic power is just as important as military power,” emphasizing that Bitcoin is being looked at as more than just a speculative asset—it’s now being talked about in national strategy terms. According to her, the bill could be officially introduced in Congress as early as next week.

A Pro-Bitcoin Turn from the White House?

The Bitcoin Act, which Lummis is leading, lays out a plan for the U.S. to gradually accumulate a massive BTC stash—roughly 200,000 Bitcoin a year. The goal? To establish a strategic digital reserve that puts the U.S. at the forefront of sovereign crypto adoption.

Her remarks are adding fuel to the growing belief that the Trump administration is actively shaping a pro-crypto agenda. With recent moves like dialing back SEC enforcement and proposing a federal crypto reserve, the dots are connecting fast.

Bitcoin Btc Price Chart

While nothing’s passed yet, if this momentum keeps up, the U.S. could soon be the biggest state-level Bitcoin holder out there—and that’s a big shift from just a few years ago.

Tags: BitcoinBitcoin ActCynthia LummisPresident TrumpTrump Administration
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