Top crypto executives and policymakers are set to gather in Washington on Tuesday for a roundtable hosted by Senator Cynthia Lummis and Representative Nick Begich on shaping a national Bitcoin strategy.
The discussion will see MicroStrategy Co-Founder Michael Saylor, Marathon Digital CEO Fred Thiel, Charles Hoskinson, and other industry voices join lawmakers to weigh in on Bitcoin’s role in the U.S. economy. It will focus on boosting U.S. innovation, technology, and competitiveness, with the BITCOIN Act (Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide) at its core.
Reintroduced by Senator Cynthia Lummis in March, the bill proposes establishing a national Bitcoin reserve by acquiring one million bitcoins over five years through budget-neutral measures.
If the bill becomes law, Bitcoin would join the U.S. gold reserves as a national strategic asset. The plan builds on a Trump-era order that sought to treat Bitcoin as a permanent national asset.
Currently, the bill is under review in the House Financial Services Committee and the Senate Banking Committee, though hearings haven’t been scheduled. Lawmakers are pushing this as part of a broader effort to bring clearer rules to the crypto space.
This summer, the U.S. legislature passed the first law specifically for stablecoins and is now working on broader regulations for the entire crypto industry. Hailey Miller, Director of Government Relations at the Digital Power Network (DPN), has highlighted the importance of prioritizing the strategic bitcoin reserve.
Advancing the BITCOIN Act amid state momentum
The roundtable will discuss how to move the BITCOIN Act forward and find ways to get support from both Republicans and Democrats, since only Republicans currently back the bill. Republican lawmakers and crypto leaders, including Bitdeer’s Haris Basit, Riot’s Brian Morgenstern, and Cleanspark’s Matt Schultz, will also attend the event.
DPN will share a one-page brief at the event, presenting the BITCOIN Act as a chance for both parties to boost U.S. innovation and economic growth. The move comes after the U.S. passed a stablecoin law earlier this summer.
This initiative highlights the growing interest in regulating cryptocurrencies. Further, the discussion will focus on uniting key players to advance the bill and explore its impact on the nation’s financial strategy.
On May 8, 2025, Arizona became the second U.S. State to pass the Bitcoin Reserve Bill. Further, on August 15, 2025, the U.S. Treasury Secretary Bessent stated that America might expand its Bitcoin reserve, and on May 22, 2025, the Texas House approved the Strategic Bitcoin Reserve Bill.
Also Read: Philippine House Bill 421 Proposes a Strategic Bitcoin Reserve
