US Senator Cynthia Lummis has revealed that former President Donald Trump is supporting her proposed legislation to have the United States purchase 1 million Bitcoin as a strategic reserve. This endorsement could significantly boost the bill's momentum, highlighting growing political interest in cryptocurrency at the highest levels.US Senator Cynthia Lummis has revealed that former President Donald Trump is supporting her proposed legislation to have the United States purchase 1 million Bitcoin as a strategic reserve. This endorsement could significantly boost the bill's momentum, highlighting growing political interest in cryptocurrency at the highest levels.

Senator Lummis Claims Trump Backs Her Bill for US to Buy 1 Million Bitcoin

2025/12/08 11:13

Keywords: Senator Lummis Bitcoin bill, Trump support crypto, US Bitcoin reserve, Cynthia Lummis Trump, Bitcoin strategic purchase

US Senator Cynthia Lummis has revealed that former President Donald Trump is supporting her proposed legislation to have the United States purchase 1 million Bitcoin as a strategic reserve. This endorsement could significantly boost the bill's momentum, highlighting growing political interest in cryptocurrency at the highest levels.

Lummis' Bold Bitcoin Proposal
Senator Lummis, a Republican from Wyoming and a vocal crypto advocate, introduced the Bitcoin Strategic Reserve Act earlier this year. The bill aims to direct the US government to acquire 1 million BTC over five years, holding it for at least 20 years as a hedge against inflation and economic uncertainty. Lummis argues that Bitcoin, with its fixed supply of 21 million coins, could serve as "digital gold" to bolster national reserves, similar to how the US stockpiles oil or precious metals.

In a recent statement, Lummis said, "President Trump is supporting my bill to buy 1 million Bitcoin," emphasizing the potential for bipartisan appeal. This comes amid Trump's evolving stance on crypto; during his presidency, he was skeptical, but recent campaigns have seen him embrace digital assets, including accepting crypto donations and promising pro-crypto policies if re-elected.

Trump's Shifting Crypto Stance
Trump's support aligns with his recent pro-crypto rhetoric. At the Bitcoin 2024 conference, he pledged to make the US the "crypto capital of the planet" and opposed a central bank digital currency (CBDC). Endorsing Lummis' bill could appeal to crypto enthusiasts in key voter demographics, especially as Bitcoin's price hovers near all-time highs above $60,000.

Analysts note that Trump's backing might pressure other politicians to consider similar measures. "This could be a game-changer for crypto's integration into national policy," said crypto policy expert Perianne Boring, founder of the Chamber of Digital Commerce.

Potential Impacts and Challenges
If passed, the bill would mark a historic shift, positioning the US as a major Bitcoin holder alongside nations like El Salvador. Proponents claim it could stabilize the dollar and drive Bitcoin's value higher, potentially adding trillions to its market cap. With the US debt exceeding $35 trillion, Lummis sees Bitcoin as a diversification tool.

However, critics argue it risks taxpayer money on a volatile asset and could face opposition from anti-crypto figures like Senator Elizabeth Warren. Regulatory hurdles, including SEC oversight, also loom. The bill's fate may hinge on the upcoming elections and congressional dynamics.

Outlook for Crypto Policy
Lummis' announcement underscores crypto's rising political clout. As debates heat up, this could accelerate discussions on a US Bitcoin reserve. For investors tracking Trump support for crypto or Senator Lummis' Bitcoin bill, this development signals potential policy shifts ahead.

Stay updated on US Bitcoin reserve proposals and crypto legislation through our news feed.

Sorumluluk Reddi: Bu sayfada yayınlanan makaleler bağımsız kişiler tarafından yazılmıştır ve MEXC'nin resmi görüşlerini yansıtmayabilir. Tüm içerikler yalnızca bilgilendirme ve eğitim amaçlıdır. MEXC, sağlanan bilgilere dayalı olarak gerçekleştirilen herhangi bir eylemden sorumlu değildir. İçerik, finansal, hukuki veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir öneri veya onay olarak değerlendirilmemelidir. Kripto para piyasaları oldukça volatildir. Yatırım kararları vermeden önce lütfen kendi araştırmanızı yapın ve lisanslı bir finans danışmanına başvurun.

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South Korea Blockchain Industry: Eric Trump’s Amazing Vision for Asia’s Digital Future

South Korea Blockchain Industry: Eric Trump’s Amazing Vision for Asia’s Digital Future

BitcoinWorld South Korea Blockchain Industry: Eric Trump’s Amazing Vision for Asia’s Digital Future Eric Trump, co-founder of World Liberty Financial (WLFI) and the second son of President Donald Trump, recently made a compelling statement that has resonated throughout the global digital asset community. Speaking via video message to the prestigious Korea Blockchain Week 2025 conference in Seoul, he highlighted the undeniable potential of the South Korea blockchain industry. Trump expressed profound admiration for the nation’s remarkable passion and dynamic energy for blockchain technology, declaring it uniquely positioned to lead Asia’s digital future. What Fuels South Korea’s Blockchain Passion? During his recent travels, which included visits to bustling Hong Kong and technologically advanced Japan, Trump observed a distinct difference. He noted that few countries rival South Korea’s fervent enthusiasm and exceptional proficiency in virtual assets. This isn’t just a casual interest; it’s a deep-seated commitment that permeates various levels of society and business. The nation’s rapid adoption rates, innovative startup ecosystem, and a tech-savvy population create fertile ground for blockchain advancements. This collective drive ensures that the South Korea blockchain industry remains at the forefront of innovation, consistently pushing boundaries and exploring new applications for distributed ledger technology. How is South Korea Building a Robust Blockchain Framework? A critical factor underpinning South Korea’s rise is its proactive approach to regulation and institutional support. Trump specifically emphasized that the country’s rapidly developing institutional and legal framework is unrivaled across Asia. This robust foundation provides much-needed clarity and security for both developers and investors. Key aspects of this evolving framework include: Clearer Regulatory Guidelines: Efforts to establish comprehensive rules for virtual assets, fostering a more stable environment. Government Support: Initiatives and funding programs aimed at boosting blockchain research and development. Industry Collaboration: Strong partnerships between government bodies, academic institutions, and private enterprises to drive innovation. This strategic development is a clear indicator that the South Korea blockchain industry is not only embracing the future but actively shaping it with foresight and meticulous planning. Korea Blockchain Week: A Global Stage for the South Korea Blockchain Industry The Korea Blockchain Week (KBW) conference itself serves as a testament to the nation’s leadership. Trump lauded the event for its consistent success in bringing together diverse blockchain communities for years, evolving into a truly global festival for blockchain and Web3. KBW acts as a vital nexus, facilitating: Knowledge Exchange: Experts share insights on the latest trends and technological breakthroughs. Networking Opportunities: Connecting innovators, investors, and policymakers from around the world. Showcasing Innovation: Providing a platform for emerging projects and established players within the South Korea blockchain industry to demonstrate their advancements. Such high-profile events solidify South Korea’s reputation as a pivotal hub for digital innovation, drawing international attention and investment. What Does South Korea’s Blockchain Leadership Mean for Asia and Beyond? Eric Trump’s confident assertion that South Korea is set to establish itself as a leader in the blockchain industry carries significant weight. This leadership isn’t just about domestic success; it has profound implications for the broader Asian market and the global blockchain landscape. South Korea’s advancements can serve as a blueprint for other nations seeking to harness the power of blockchain. Its regulatory successes, technological innovations, and vibrant community can inspire and guide regional development. The nation’s commitment to fostering a dynamic environment ensures that the South Korea blockchain industry will continue to attract talent and capital, driving forward the evolution of Web3 technologies. Challenges remain, of course, including global regulatory harmonization and scaling solutions. However, South Korea’s proven dedication positions it exceptionally well to navigate these complexities and emerge as a dominant force. In conclusion, Eric Trump’s observations at Korea Blockchain Week 2025 underscore a powerful truth: South Korea is not merely participating in the blockchain revolution; it is actively leading it. With unparalleled passion, a robust legal and institutional framework, and a commitment to fostering global collaboration, the South Korea blockchain industry is undeniably poised for extraordinary growth. Its journey promises to shape the future of digital assets and Web3, not just in Asia, but across the entire world. Frequently Asked Questions (FAQs) Q1: Why is Eric Trump commenting on the South Korea blockchain industry? Eric Trump, as co-founder of World Liberty Financial (WLFI), is involved in the financial sector and has a keen interest in emerging technologies like blockchain. His comments highlight the global recognition of South Korea’s significant advancements in this field. Q2: What makes South Korea’s blockchain framework “unrivaled in Asia”? South Korea has been proactive in developing comprehensive institutional and legal frameworks for virtual assets. This includes clearer regulatory guidelines, government support for R&D, and strong industry collaboration, providing a stable and secure environment for blockchain innovation. Q3: What is Korea Blockchain Week (KBW)? Korea Blockchain Week (KBW) is a major annual conference in Seoul that brings together diverse blockchain communities. It serves as a global festival for blockchain and Web3, facilitating knowledge exchange, networking, and showcasing innovations from the global and local industry. Q4: What does South Korea’s leadership mean for the future of Web3? South Korea’s leadership in the blockchain industry means it can serve as a blueprint for other nations. Its innovations, regulatory successes, and vibrant community will likely inspire and guide regional and global development, driving the evolution and adoption of Web3 technologies worldwide. Q5: Are there any challenges for the South Korea blockchain industry? While poised for leadership, the South Korea blockchain industry still faces challenges such as navigating global regulatory harmonization, ensuring scalability of solutions, and addressing ongoing security concerns common to the broader crypto space. However, its robust framework positions it well to tackle these. If you found this insight into the dynamic South Korea blockchain industry valuable, please consider sharing it with your network! Spread the word about Asia’s potential leader in digital innovation. To learn more about the latest crypto market trends, explore our article on key developments shaping the blockchain industry’s institutional adoption. This post South Korea Blockchain Industry: Eric Trump’s Amazing Vision for Asia’s Digital Future first appeared on BitcoinWorld.
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