Lummis: Trump supports the Bitcoin Bill, which aims to purchase 1 million bitcoins within 5 years

ChainCatcher news, according to Cointelegraph, U.S. Senator Cynthia Lummis stated at the Bitcoin 2025 conference that President Trump supports the "Bitcoin Bill," which instructs the U.S. government to purchase 1 million bitcoins within 5 years, with funding coming from the Federal Reserve system and existing funds from the Treasury.

Lummis also revealed that the Trump administration's team is working on legislation regarding digital asset issues such as stablecoins, market structure, and Bitcoin strategic reserves, which are expected to be rolled out in this order.