- Lawmakers and executives will discuss acquiring one million Bitcoins under the BITCOIN Act using budget neutral strategies.
- The roundtable includes leaders from mining, venture capital, and traditional finance, alongside Sen. Lummis and Rep. Begich.
- Funding ideas such as tariff revenues and Treasury gold certificates will be reviewed to support the Strategic Bitcoin Reserve.
A group of 18 crypto executives, including Strategy co-founder Michael Saylor and Marathon Digital CEO Fred Thiel, will meet U.S. lawmakers in Washington, D.C. on Tuesday. The gathering aims to build momentum behind the proposed Strategic Bitcoin Reserve, a legislative effort that could see the United States acquire one million bitcoins.
The roundtable will be hosted on Capitol Hill by Senator Cynthia Lummis and Representative Nick Begich, Republican cosponsors of the BITCOIN Act, according to Hailey Miller of the Digital Power Network, an affiliate of The Digital Chamber.
BITCOIN Act and Trump’s Executive Order
The BITCOIN Act was reintroduced by Senator Lummis in March and stands before the House Financial Services and Senate Banking Committees. The measure calls for acquiring one million bitcoin over five years using budget-neutral strategies.
It builds on former President Donald Trump’s executive order, which created permanent bitcoin holdings and prohibited the sale of seized crypto assets. Lawmakers and industry leaders are expected to discuss next steps for advancing the bill, which so far has only Republican support.
Industry Executives Join
The roundtable will feature leaders from major mining and investment firms, including Bitdeer’s Haris Basit, Riot’s Brian Morgenstern, and CleanSpark CEO Matt Schultz. Fundstrat CEO and BitMine chairman Tom Lee will also attend, alongside venture capital executives from Off the Chain Capital and Reserve One.
Traditional finance will be represented by Western Alliance Bank’s David Fragale and Blue Square Wealth’s Jay Bluestine. Miller confirmed the session will also address what has slowed legislative progress over the past six months and outline bipartisan outreach strategies.
Funding Strategies and Legislative Priorities
Discussions will include budget-neutral methods for funding bitcoin purchases. Proposals under review include tariff revenues and reevaluating Treasury gold certificates. Executives are expected to highlight these options in a briefing document prepared by the Digital Power Network, which frames the effort as a bipartisan opportunity. The roundtable follows passage of the GENIUS Act in July, the first U.S. crypto-specific bill focused on stablecoins.
Advocates now want Congress to prioritize the BITCOIN Act, ensuring it remains part of the fall legislative agenda. According to Miller, the intent is to strengthen coordination between policymakers and the crypto industry as lawmakers continue shaping digital asset regulation.
