U.S. Senator Cynthia Lummis announced that President Donald Trump supports her proposal for a Strategic Bitcoin Reserve, which aims to purchase 1 million bitcoins over five years. The plan, revealed during a Senate session on April 29, 2025, seeks to establish a national-level reserve to address the U.S. national debt and bolster the dollar's role in global financial innovation. Lummis emphasized that as Bitcoin adoption grows worldwide, this digital asset could enhance the security and resilience of the financial system. She suggested that the initiative might transform economic operations by integrating distributed ledger technology into the financial infrastructure.