President Trump supports strategic Bitcoin reserve bill, Senator Loomis says
Today, at the 2025 Bitcoin Conference in Las Vegas, Nevada, U.S. Sen. Cynthia Lummis of Wyoming, Sen. Marsha Blackburn of Tennessee and Sen. Jim Justice of West Virginia took the stage to adopt updates for federal and state bitcoin in the U.S.A.
Cynthia Lummis announced that President Donald Trump supports her strategic Bitcoin reserve law, which would allow the U.S. to purchase 1,000,000 BTC, as well as other pro-A and Stablecoin legislation.
“President Trump supports the bill,” she said. “And he has a White House team working on digital assets – from stablecoins to market structures to strategic reserves of Bitcoin. They may be rolling out in that order.”
“States have always been incubators of innovation,” Loomis said. “The Senate Justice is the governor of West Virginia, and Senator Blackburn will be the next governor of Tennessee. The states are where innovation takes place.”
“So, you have Arizona, Texas and New Hampshire, and you’ve passed a strategic Bitcoin reserve this year,” she continued. “30 states consider strategic Bitcoin reserves. We have the United Arab Emirates buying Bitcoin through funds traded on U.S. exchanges, which is very beneficial for the United States.”
Senator Blackburn responded to Loomis’s remarks, sharing her ideas about how other countries can follow the U.S. adopt Bitcoin.
“Many of our allies follow our work,” Blackburn said. “Everyone wants to be a part of our market, they want to be a part of our trade. They will follow our work. As Senator Loomis said, we have seen countries that have built these reserves. So it’s very important that we have it as part of our reserves.”
The Justice stressed that to be successful, “we have to make economics right. Many people asked me many times as governor, ‘What is the most important thing you do?’ I will assure you that it’s all about economics. ”
Justice then goes on to explain that when ordinary people use bitcoin to buy their essentials every day, the legislation will “occur at a light speed” because politicians want to be re-elected and therefore must follow the will of the people.
You can watch the full panel discussion along with the rest of the Bitcoin 2025 Conference Industry Day below:
