- U.S. lawmakers and crypto leaders will meet Tuesday to discuss the proposed national Bitcoin reserve acquisition under the BITCOIN Act.
- The BITCOIN Act aims to acquire one million BTC over five years using budget-neutral funding methods without raising deficits.
A meeting is scheduled for this Tuesday between U.S. lawmakers and executives from the cryptocurrency sector. They will examine a legislative proposal to establish a national Bitcoin reserve. Among those attending will be Strategy’s Michael Saylor and Fundstrat’s Tom Lee. These two are part of a larger group of eighteen industry figures invited to participate.
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 BITCOIN Act, introduced by Lummis, will be the main topic of the roundtable. This bill proposes that the government invest in one million BTC over a five-year period. Funding would be provided by the Federal Reserve and the Treasury Department. A key requirement is that the approach must be budget-neutral, ensuring no increase in the national deficit.
Organization of the event is being handled by The Digital Chamber and The Digital Power Network. Industry participants plan to express their support for the proposed legislation. They will outline potential ways for the government to obtain Bitcoin without employing taxpayer money. Suggestions include the use of tariff revenue or a revaluation of the Treasury’s gold certificates.
Participants also aim to understand the difficulties the bill has encountered. They will inquire about the primary causes for its lack of advancement during the past six months. The meeting will feature executives from mining companies such as CleanSpark, Marathon Digital, and Bitdeer. Also taking part will be representatives from venture capital firms and conventional financial institutions.
