Key Takeaways:
- US lawmakers and 18 crypto industry leaders, including Michael Saylor and Tom Lee, are meeting to discuss advancing the BITCOIN Act and establishing a Strategic Bitcoin Reserve.
- The BITCOIN Act proposes the US acquire 1 million Bitcoin over five years through budget-neutral funding mechanisms.
- Industry suggestions include using Treasury gold certificates and tariff revenues, as lawmakers seek to overcome legislative roadblocks.
US lawmakers will meet with 18 crypto industry executives this week to discuss advancing President Donald Trump’s proposed Strategic Bitcoin Reserve.
The roundtable, hosted by The Digital Chambers and its affiliate The Digital Power Network, will focus on the BITCOIN Act, introduced in March by Senator Cynthia Lummis.
When you get invited to discuss Digital Assets at the White House, make sure you wear your Orange Tie. pic.twitter.com/1KvjsCdDmp
— Michael Saylor (@saylor) March 8, 2025
The bill seeks to direct the US government to acquire one million Bitcoin over five years, with purchases financed through budget-neutral methods mandated by Trump’s executive order.
Participants include Strategy chairman Michael Saylor, Fundstrat CEO and BitMine chairman Tom Lee, and MARA CEO Fred Thiel.
Mining executives from CleanSpark, MARA, and Bitdeer will also join, alongside representatives from Off the Chain Capital, Reserve One, eToro, Western Alliance Bank, and Blue Square Wealth.
The meeting aims to build bipartisan momentum for the stalled legislation, while addressing potential congressional objections.
Executives are expected to pitch ideas for taxpayer-neutral funding mechanisms, including revisiting Treasury gold certificates and using tariff revenues.
The initiative follows the GENIUS Act stablecoin bill, passed in July, signaling that the BITCOIN Act could become the next major crypto legislative focus.
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