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Bitcoin Act Gets Presidential Backing as Lummis Confirms Trump Support

Senator Cynthia Lummis announced President Trump's support for the Bitcoin Act at the #Bitcoin2025 conference in Las Vegas.

The legislation aims to purchase 1 million $BTC over five years as a strategic government reserve.

Lummis stated the bill will be introduced to Congress next week with White House backing.

The senator emphasized that economic power rivals military power in importance for national security.

Current government holdings are estimated at approximately 200,000 #BTC, according to Lummis.

However, exact figures remain classified following a White House-requested audit.

This development signals the Trump administration's formal embrace of crypto-friendly policies.

The strategic reserve concept positions Bitcoin as a national asset alongside traditional government holdings.