In a groundbreaking development at the Bitcoin 2025 Conference in Las Vegas, Senator Cynthia Lummis revealed that President Donald Trump has thrown his support behind the Strategic Bitcoin Reserve Act, potentially setting the stage for unprecedented government adoption of Bitcoin.
The bill, which proposes the acquisition of 1,000,000 BTC by the United States government, comes amid increasing interest in Bitcoin from both state and federal levels. This development follows recent speculation about Trump’s broader $3B crypto initiative, suggesting a coordinated approach to digital asset adoption.
Key Developments from the Announcement
- White House team actively working on digital asset framework
- Implementation timeline: stablecoins first, followed by market structure and Bitcoin reserves
- 30 states currently considering Strategic Bitcoin Reserve legislation
- Military generals supporting the initiative for economic security
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State-Level Innovation Leading the Way
Senator Lummis emphasized the role of states as innovation incubators, highlighting recent developments:
- Arizona, Texas, and New Hampshire have passed Strategic Bitcoin Reserve bills
- UAE purchasing Bitcoin through American ETFs
- Growing international interest in following U.S. leadership
Market Impact and Future Outlook
The announcement comes as Bitcoin tests support at $109,000 levels, with analysts suggesting the government’s potential entrance could drive prices significantly higher. The strategic reserve initiative could establish a new floor for Bitcoin prices while legitimizing it as a national strategic asset.
Frequently Asked Questions
What is the Strategic Bitcoin Reserve Act?
The Act proposes the United States government purchase and hold 1,000,000 Bitcoin as part of its strategic reserves, similar to gold reserves.
When will the implementation begin?
According to Senator Lummis, the rollout will follow a sequence: stablecoins first, followed by market structure reforms, and finally the Bitcoin Strategic Reserve.
How many states are considering Bitcoin reserve legislation?
Currently, 30 states are considering Strategic Bitcoin Reserve legislation, with three states (Arizona, Texas, and New Hampshire) having already passed such bills.
