More than a dozen crypto industry leaders, including Strategy co-founder Michael Saylor and Marathon Digital Holdings CEO Fred Thiel, will hold a roundtable with Senator Cynthia Lummis and Representative Nick Begich on Capitol Hill in Washington to push for "strategic bitcoin reserve" legislation.
The proposal, revived by Lummis in March as the "BITCOIN Act," aims to acquire 1 million bitcoins over five years through a "budget neutral strategy" and establish them as a strategic reserve asset in the United States. The bill is an extension of President Trump's executive order, which requires the government to hold bitcoins permanently, prohibit sales, and place confiscated cryptoassets in an independent reserve.
The bill has now been submitted to the House Financial Services Committee and the Senate Banking Committee, but has not yet been scheduled for hearing.
The move comes on the heels of Congress passing the first stablecoin regulation bill, signalling that lawmakers are shifting their focus to broader crypto industry regulation. Industry groups such as DPN (Digital Power Network) have said that securing strategic bitcoin reserves is a priority in Washington.
US lawmakers and crypto executives such as Michael Saylor are promoting the establishment of a US strategic bitcoin reserve
2025-09-15 22:09:30
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