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BlockNews
Home CRYPTO BITCOIN

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

Michael Juanico by Michael Juanico
May 27, 2025
in BITCOIN, CRYPTO, FINANCE, OPINION
Reading Time: 2 mins read
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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.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoinBitcoin ActCynthia LummisPresident TrumpTrump Administration
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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