Trump Fully Supports Bill to Purchase 1 Million Bitcoins… US Strategic Asset Declaration Imminent

This article is machine translated
Show original

U.S. Senator Cynthia Lummis recently revealed at the 'Bitcoin 2025 Conference' in Las Vegas that President Trump fully supports the 'Bitcoin Act'. Lummis stated that the White House has already activated a dedicated team of experts to legislate the bill and emphasized that a significant legislative action in the digital asset sector will be pursued within weeks.

The recently reintroduced 'Bitcoin Act' stipulates that the U.S. federal government will purchase 1 million Bit (BTC) over the next five years. Funding will be sourced from existing budgets of the Federal Reserve and Treasury Department, without additional tax burden. This reflects a policy intention to establish digital assets as a strategic reserve asset for the United States.

Senator Lummis explained that "this bill is a strategic turning point that will greatly impact American citizens and the entire world", and that President Trump's support will accelerate this change. In fact, the Trump administration has emphasized a "budget-neutral approach" regarding Bit acquisition and is pursuing an expansion of national assets without taxpayer burden.

This statement not only reaffirms President Trump's digital asset-friendly stance but is also evaluated as the first official case of potential Bit adoption at the U.S. government level. Particularly, the perspective of U.S. political circles viewing Bit as a strategic national asset is expected to create significant ripples in the global cryptocurrency market.

Real-time news...Go to TokenPost Telegram

<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments