365Crypto
Donald Trump is going full crypto cowboy. He’s backing a plan to buy a lot of Bitcoin—1 million BTC, to be exact.
Senator Cynthia Lummis said at the Bitcoin 2025 event in Las Vegas that Trump supports her BITCOIN Act. This bill would have the U.S. government buy Bitcoin over five years using money from the Federal Reserve and Treasury—not new taxes.
The White House already has a crypto squad drafting laws. Lummis said they’re focused on stablecoins first, then market rules, then building a U.S. Bitcoin reserve.
“The stablecoin bill is almost ready for a full Senate vote,” Lummis added. “We’ve worked day and night with the other party.”
Meanwhile, Trump’s top crypto guy, David Sacks, says the GENIUS Act—aimed at regulating stablecoins—has the votes to pass.
On May 19, the Senate voted 66–32 to move it forward. That bill would finally give a legal framework to dollar-pegged stablecoins like USDC and USDT, which dominate crypto markets.
Footing:
Stablecoins are cryptocurrencies pegged to fiat currencies like the dollar.
The Federal Reserve is the U.S. central bank, managing money supply and interest rates.
The Treasury Department handles government spending and tax collection.
