The opening day of the Bitcoin 2025 convention delivered an unmistakable political sign: President Donald Trump has thrown his weight behind laws that might require america to build up a strategic reserve of 1 million bitcoin. Wyoming Senator Cynthia Lummis disclosed the White Home dedication throughout a policy-heavy session on the convention’s predominant stage, flanked by Senators Marsha Blackburn and Jim Justice.
Lummis Units Timeline For Bitcoin Invoice
“President Trump helps the invoice and he has a group within the White Home engaged on digital-asset points — every thing from stablecoins to market construction to the Bitcoin Strategic Reserve — and they’re going to in all probability roll out in that order,” Lummis stated, bringing “the BITCOIN Act to the eye of the American folks and the world.”
The sequencing issues. Lummis confirmed that the Guiding and Establishing Nationwide Innovation for US Stablecoins (GENIUS) Act cleared the Senate Banking Committee earlier than the Memorial Day recess. “We’re getting near being able to have it on the ground,” she advised the viewers, noting that weeks of bipartisan negotiations produced a textual content the minority social gathering may settle for. “We needs to be voting on it the week we get again from this break. Then we’ll do market construction, after which we’ll do the Bitcoin strategic reserve.”
Modeled on the best way Fort Knox anchors US gold holdings, the revised BITCOIN Act — first launched in July 2024 and re-filed on 11 March 2025 — authorises the Treasury to buy as much as a million BTC over 5 years utilizing “budget-neutral” mechanisms already out there to the Federal Reserve and the Change Stabilization Fund. At Wednesday’s spot worth of roughly $108,900, the place could be valued at about $108.9 billion, equal to 2.6 % of the FY 2025 discretionary funds.
Lummis framed the reserve as each an vitality and a safety crucial. “When China forbade mining of Bitcoin, they did america a giant favor as a result of quite a lot of these mining operations got here right here,” she stated, echoing Trump’s current name to make “Bitcoin mining and America conjoined.” Pairing home hash-rate dominance with federal accumulation, she argued, would give Washington a “geopolitical benefit.”
That view, she added, is shared by senior uniformed officers. “I’ve talked to generals in our army who perceive that financial energy is as essential as army energy in addressing aggressors around the globe — and there are generals … who’re massive supporters of getting a strategic Bitcoin reserve for that motive.”
State-level momentum is reinforcing the federal push. Arizona, Texas and New Hampshire enacted their very own strategic-reserve statutes this yr, and lawmakers in one other thirty jurisdictions debated comparable measures. “The states are the place the innovation is happening,” Lummis stated, positioning native initiatives as coverage laboratories that may be quickly scaled.
Overseas, the United Arab Emirates is constructing publicity via US-listed spot ETFs, whereas the Czech Nationwide Financial institution is finding out BTC as a reserve diversifier. “That’s good for America as a result of they’re going to construct their sovereign wealth in Bitcoin via an American ETF,” she added.
Though the White Home on March 7 issued an government order directing companies to put groundwork for a federal Bitcoin stockpile, solely Congress can acceptable funds or modify debt-management statutes — a hurdle the BITCOIN Act is designed to clear. With the stablecoin framework poised for a flooring vote in early June and market-structure laws queued behind it, Lummis advised delegates to stay mobilised. “At the moment we’ll be calling on you to assist members of Congress in your states perceive the significance,” she stated, underscoring the tight legislative calendar earlier than the August recess.
For now, the trail to a trillion-satoshi reserve runs via the Senate cloakrooms. However the political optics are shifting: a sitting president has endorsed federal Bitcoin accumulation, the Pentagon is quietly blessing the idea, and three US states have already legislated partial blueprints.
At press time, BTC traded at $108,905.
Featured picture created with DALL.E, chart from TradingView.com
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