One million bitcoins will belong to the US in 5 years

US President Donald Trump has supported the BITCOIN Act bill, as reported by Wyoming Senator Cynthia Loomis during the Bitcoin 2025 conference in Las Vegas. Loomis noted that the bill will become the basis for new rules for digital assets in the United States and has already attracted the attention of not only Americans but also the global community.

In March, Loomis reintroduced the BITCOIN Act, which provides for the purchase of 1 million bitcoins BTC $104,639.74 Bitcoin -1.55% Market capitalization $2.08 trillion VOL. 24 hours $2.46 billion by the US government over five years. The funding is planned to come from the existing reserves of the Federal Reserve and the Treasury Department, without any additional burden on taxpayers.

According to Loomis, a team of experts in the White House is already working on a number of legislative initiatives, including regulations on stablecoins, market structure, and bitcoin reserves. The senator added that these initiatives will be presented in stages, and the bill on stablecoins has already passed the Senate committee and may be voted on in the coming weeks.

In addition, Trump’s cryptocurrency adviser David Sachs said that the GENIUS Act, a bill dedicated to the regulation of stablecoins, also has a chance to be adopted in the near future. This document aims to create a national innovation system for dollar-denominated stablecoins.