U.S. Senator: President Trump Supports Bill to Purchase 1 Million Bitcoin On April 29, 2025, U.S. Senator Cynthia Lummis stated during a Senate meeting that President Trump supports her strategic Bitcoin reserve plan: the government will purchase a total of 1 million Bitcoin over the next 5 years to establish a national reserve. She believes this initiative can address the U.S.'s massive national debt while solidifying the dollar's leadership in global financial innovation. As Bitcoin's global adoption rate continues to rise, this distributed ledger-based digital asset will significantly enhance the security, stability, and inclusivity of the financial system, potentially even revolutionizing the way daily economic operations function. Source: C-SPAN