Senator Cynthia Lummis Unveils Bitcoin Legislation Supported by Trump: A Strategic Reserve Proposal

In a significant development for the cryptocurrency landscape, U.S. Senator Cynthia Lummis from Wyoming has revealed that former President Donald Trump is backing her proposed Bitcoin legislation. During a recent conference in Las Vegas, Lummis noted, “Trump has a team in the White House dedicated to addressing digital asset challenges, including stablecoins, market structure, and strategic reserves for Bitcoin.” Her legislative framework aims to create a national Bitcoin reserve, which would involve the U.S. government acquiring a total of 1 million bitcoins over a five-year period. Funding for this ambitious initiative is expected to come from the Federal Reserve and existing resources within the Treasury. This proactive approach could position the U.S. as a leader in the evolving crypto economy, emphasizing the importance of regulatory clarity and institutional support for digital assets.