US Senator Cynthia Lummis announced at the Bitcoin 2025 Conference that President Donald Trump supports the Strategic Bitcoin Reserve Act, which aims to have the United States purchase 1,000,000 BTC.
Senator Lummis stated that there is a team in the White House working on digital assets, including stablecoins, market structure, and Bitcoin Strategic Reserve, which will likely roll out in that order.
Several states in the US, like Arizona, Texas, and New Hampshire, have passed or considered Strategic Bitcoin Reserve bills, with the United Arab Emirates also purchasing Bitcoin through American exchange traded funds.
Senators emphasized the importance of getting the economics right for Bitcoin adoption, with Senator Justice highlighting that once everyday people start using Bitcoin for purchases, legislation will progress rapidly.