Trump’s Bitcoin Bonanza: A Million Reasons to Celebrate! 🎉

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Well, well, well! The grand opening of the Bitcoin 2025 conference has sent a clear message, like a rooster crowing at dawn: President Donald Trump has decided to throw his considerable weight behind a bill that would have the good ol’ U.S. of A. stockpile a strategic reserve of one million bitcoins. Yes, you heard that right! Senator Cynthia Lummis from Wyoming spilled the beans during a session that was heavier than a sack of potatoes, flanked by Senators Marsha Blackburn and Jim Justice, who looked as serious as a cat in a room full of rocking chairs.

Lummis Sets Timeline For Bitcoin Bill

“President Trump is all in on this bill, and he’s got a team in the White House working on everything from stablecoins to market structure to the Bitcoin Strategic Reserve,” Lummis declared, as if she were announcing the arrival of a new circus act. “They’ll probably roll it out in that order,” she added, bringing “the BITCOIN Act to the attention of the American people and the world.” Well, bless her heart!

Now, let’s not forget the importance of timing. Lummis confirmed that the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act has already cleared the Senate Banking Committee before the Memorial Day break. “We’re getting close to being ready to have it on the floor,” she told the audience, who were probably wondering if they’d get a vote before the next ice age. “We should be voting on it the week we get back from this break. Then we’ll tackle market structure, and finally, the Bitcoin strategic reserve.” Sounds like a plan, doesn’t it?

Just like Fort Knox holds the nation’s gold, the revised BITCOIN Act — first introduced in July 2024 and re-filed on March 11, 2025 — gives the Treasury the green light to purchase up to one million BTC over five years using “budget-neutral” mechanisms already available to the Federal Reserve and the Exchange Stabilization Fund. At Wednesday’s spot price of about $108,900, that would put the value at a whopping $108.9 billion, which is about 2.6 percent of the FY 2025 discretionary budget. Talk about a hefty chunk of change!

Lummis framed this reserve as both an energy and security necessity. “When China decided to ban Bitcoin mining, they did us a big favor because a lot of those mining operations came right here to the good ol’ U.S. of A.,” she said, echoing Trump’s recent call to make “Bitcoin mining and America conjoined.” Pairing domestic hash-rate dominance with federal accumulation, she argued, would give Washington a “geopolitical advantage.” Well, isn’t that just peachy?

And it seems the generals are on board too! “I’ve spoken to military brass who understand that economic power is just as important as military power when dealing with aggressors around the globe — and there are generals who are big supporters of having a strategic Bitcoin reserve for that reason.” Who knew the military was so hip to the crypto scene?

Meanwhile, states are getting in on the action too. Arizona, Texas, and New Hampshire have enacted their own strategic-reserve statutes this year, and lawmakers in another thirty jurisdictions are debating similar measures. “The states are where the innovation is happening,” Lummis said, positioning local initiatives as policy laboratories that can be scaled faster than a rabbit on a date.

Across the pond, the United Arab Emirates is getting cozy with US-listed spot ETFs, while the Czech National Bank is eyeing BTC as a reserve diversifier. “That’s good for America because they’re going to build their sovereign wealth in Bitcoin through an American ETF,” she added, as if she were handing out candy at a parade.

Although the White House issued an executive order on March 7 directing agencies to lay the groundwork for a federal Bitcoin stockpile, only Congress can appropriate funds or modify debt-management statutes — a hurdle the BITCOIN Act is designed to clear. With the stablecoin framework ready for a floor vote in early June and market-structure legislation lined up behind it, Lummis urged delegates to stay mobilized. “At that time, we’ll be calling on you to help members of Congress in your states understand the importance,” she said, emphasizing the tight legislative calendar before the August recess. Sounds like a busy summer ahead!

For now, the road to a trillion-satoshi reserve runs through the Senate cloakrooms. But the political optics are changing: a sitting president has endorsed federal Bitcoin accumulation, the Pentagon is quietly giving it a thumbs up, and three US states have already laid down the law. Who would have thought we’d see the day?

At press time, BTC was trading at $108,905. Keep your eyes peeled, folks! 🚀

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2025-05-28 19:14