PANews reported on May 28 that according to Cointelegraph, U.S. Senator Cynthia Lummis of Wyoming revealed at the "Bitcoin 2025" conference that President Trump supports the "BITCOIN Act", which requires the U.S. government to purchase 1 million bitcoins within five years, with funds coming from the existing reserves of the Federal Reserve and the Treasury Department. The White House has formed a team of experts to promote digital asset legislation including stablecoins, market structure and strategic reserves of bitcoin, which are expected to be introduced in this order.

Lummis said that the Senate Banking Committee has passed the stablecoin bill, and after consultation with the minority party, it is expected to be voted on by all members within a week after the resumption of the meeting. Trump's chief crypto adviser David Sacks previously said that the "GENIUS Stablecoin Act" is expected to be supported by both parties and finally passed after passing the procedural vote of 66:32 on May 19.