US Lawmakers Engage Crypto Executives to Push Strategic Bitcoin Reserve Legislation
US lawmakers are scheduled to meet with 18 leading figures from the cryptocurrency sector, including Michael Saylor of Strategy and Tom Lee of Fundstrat and BitMine, to explore pathways for advancing President Donald Trump’s Strategic Bitcoin Reserve initiative. The roundtable, organized by crypto advocacy groups The Digital Chambers and The Digital Power Network, aims to generate momentum around the BITCOIN Act, a bill introduced by Senator Cynthia Lummis in March.
BITCOIN Act: Government Acquisition of Bitcoin
The BITCOIN Act proposes that the US government purchase one million Bitcoin over a five-year period. These acquisitions would be financed through mechanisms involving the Federal Reserve and the Department of the Treasury, with an explicit requirement that the funding strategies remain budget-neutral, thereby avoiding additional costs to taxpayers.
Industry leaders attending the meeting will present ideas on how to implement such budget-neutral funding, including reevaluating Treasury gold certificates and leveraging tariff revenues. The group also intends to address the legislative challenges that have impeded progress on the BITCOIN Act in recent months and identify the main objections among lawmakers.
Diverse Industry Representation at the Roundtable
Alongside Saylor and Lee, the roundtable will feature executives from Bitcoin mining companies such as CleanSpark, Marathon Digital Holdings, and Bitdeer. Representatives from crypto-focused venture capital firms Off the Chain Capital and Reserve One will participate, as will Andrew McCormick, head of eToro’s US operations. Traditional finance perspectives will be provided by Western Alliance Bank and Blue Square Wealth executives.
Context Within Broader Crypto Legislative Efforts
This initiative follows the recent legislative push for the GENIUS Act, which targets stablecoin regulation and was introduced in July. The BITCOIN Act could become the next major focus for US crypto policy, reflecting growing bipartisan interest in integrating Bitcoin into national financial strategy.
FinOracleAI — Market View
The meeting between lawmakers and prominent crypto executives signals increasing institutional support for integrating Bitcoin into US fiscal policy. Positive market sentiment may arise from the prospect of the government acquiring a substantial Bitcoin reserve, which could drive demand and signal regulatory acceptance. However, legislative hurdles and concerns over budget-neutral funding mechanisms pose risks to the bill’s passage. Investors should monitor subsequent congressional developments and funding strategy proposals closely.
Impact: positive
