The opening day of the Bitcoin 2025 convention delivered an unmistakable political sign: President Donald Trump has thrown his weight behind laws that may require the USA 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 major stage, flanked by Senators Marsha Blackburn and Jim Justice.
Lummis Units Timeline For Bitcoin Invoice
“President Trump helps the invoice and he has a workforce within the White Home engaged on digital-asset points — every part from stablecoins to market construction to the Bitcoin Strategic Reserve — and they’ll most likely roll out in that order,” Lummis mentioned, bringing “the BITCOIN Act to the eye of the American individuals 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 get together may settle for. “We ought 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 way in which 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 value of roughly $108,900, the place could be valued at about $108.9 billion, equal to 2.6 p.c of the FY 2025 discretionary price range.
Lummis framed the reserve as each an power and a safety crucial. “When China forbade mining of Bitcoin, they did the USA an enormous favor as a result of lots of these mining operations got here right here,” she mentioned, echoing Trump’s latest 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 navy who perceive that financial energy is as essential as navy energy in addressing aggressors around the globe — and there are generals … who’re huge 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 12 months, and lawmakers in one other thirty jurisdictions debated comparable measures. “The states are the place the innovation is going on,” Lummis mentioned, 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 businesses 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 ground 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 mentioned, 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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