Trump Administration to Roll Out Stablecoins, Market Structure, and Bitcoin Reserve Laws: Cynthia Lummis

Highlights:

• Cynthia Lummis said Trump supports the Bitcoin Act and created a team for crypto laws.
• The government owns 200,000 Bitcoins, and many states want Bitcoin reserve plans.
• She said the market structure bill matters to businesses and the stablecoin bill nears a vote.

At the Bitcoin 2025 Conference in Las Vegas on May 27, Senator Cynthia Lummis (R-WY) said United States President Donald Trump supports the BITCOIN Act and he has formed established a special White House team to work on digital asset laws, covering stablecoins and crypto market rules. On March 11, Lummis and five other Republican senators brought back a bill to let the US Treasury add up to 1 million BTC over five years. The purchases would be funded through existing resources from the Treasury Department and the Federal Reserve. The Trump administration stressed using “budget-neutral methods” to obtain Bitcoin without adding costs for taxpayers.

🚨BREAKING:

SENATOR LUMMIS SAYS PRESIDENT TRUMP SUPPORTS THE BILL TO BUY 1 MILLION #BITCOIN

THIS IS MASSIVE 🚀 pic.twitter.com/h0AyCIoufg

— CryptoGoos (@crypto_goos) May 27, 2025

Government Bitcoin Holdings and Growing Support for Strategic Reserves

Lummis mentioned the government already owns around 200,000 BTC, though exact details are still confidential. The Strategic Bitcoin Reserve is seen as both an economic and political tool. Lummis said many U.S. military generals back the plan, seeing Bitcoin’s value as key to national security. Lummis noted growing interest at the state level, mentioning Arizona, Texas, and New Hampshire passed Strategic Bitcoin Reserve bills this year. She added that about 30 states are considering similar Bitcoin reserve plans.

JUST IN: 🇺🇸 Senator Cynthia Lummis said US military generals are "big supporters" of a Strategic Bitcoin Reserve for economic power. pic.twitter.com/2RPMV3tbdA

— Bitcoin Magazine (@BitcoinMagazine) May 27, 2025

Lummis also highlighted international involvement, saying the United Arab Emirates is buying Bitcoin via American exchange-traded funds, which benefits the U.S. She called on federal officials to see Bitcoin as “digital gold,” not just a speculative asset. She urged setting clear reserve rules before other countries claim more of the limited 21 million coins.

Senator claimed that the Trump administration has a team working on stablecoins, market structure, and the Bitcoin Strategic Reserve. She added, “They will probably roll out in that order.”

Lummis Highlights Progress of Market Structure and Stablecoin Bills

Cynthia Lummis began by mentioning the stablecoin and market structure bills. She suggested the market structure bill might matter more to many at the conference than the stablecoin bill. Lummis explained this is because many businesses, including theirs, depend on it. She added that some businesses focus on buying and holding Bitcoin and need custody services, while others lend Bitcoin or trade Bitcoin futures. 

Lummis said the stablecoin bill has cleared the Senate Banking Committee and added:

“We’re getting close to being ready to have it on the floor. We’ve worked for untold hours with the minority party to satisfy them, and we should be voting on it the week before we get back from this break.”

The White House seems to agree with Senator Lummis. Last week, Trump’s main crypto adviser, David Sacks, said the GENIUS stablecoin bill is expected to pass the Senate soon. It passed an important vote on May 19 and has support from both parties. The GENIUS Act will create rules for dollar-backed stablecoins.

Lummis also talked about a new tax plan her office sent to the finance committee. She said the Lightning Network, led by companies like Strike, makes daily Bitcoin payments easier. She suggested small Bitcoin purchases under $600, like coffee or dinner, should not be taxed.