TRUMP SUPPORTS BILL TO BUY 1 MILLION BTC

Summary from the TLDR Crypto newsletter

According to Senator Lummis, the BITCOIN Act, which directs the U.S. government to acquire one million Bitcoins over five years using existing Federal Reserve and Treasury funds, has President Trump's backing. She also revealed a White House team is drafting digital-asset bills first on stablecoins, then market structure, and finally a Bitcoin Strategic Reserve. The Senate Banking Committee has already advanced the bipartisan GENIUS Act on stablecoin regulation to the floor following a 66–32 procedural vote on May 19.