Senator Lummis reveals Trump's endorsement of legislation proposing a 1 million Bitcoin federal reserve, marking a significant shift in U.S. cryptocurrency policy.
Speaking at a Bitcoin conference in Las Vegas, Senator Cynthia Lummis announced Trump's support for her Bitcoin bill, which proposes establishing a strategic Bitcoin reserve. The legislation aims for the U.S. government to acquire 1 million Bitcoins over five years, funded through Federal Reserve and Treasury resources.