Crypto industry leaders and lawmakers are joining forces in Washington to drive forward legislation for a strategic Bitcoin reserve in the United States. Among the key participants are Michael Saylor, co-founder of Strategy, along with executives like Tom Lee from BitMine and Fred Thiel from MARA. The discussion is centered around the proposed BITCOIN Act, introduced by Senator Cynthia Lummis, which calls for the U.S. government to purchase one million Bitcoin over five years.

The strategic Bitcoin reserve initiative is seen as a way to potentially strengthen the nation’s financial standing, with the purchases intended to be funded through budget-neutral strategies overseen by the Federal Reserve and the Treasury. Options being considered to finance these acquisitions without adding taxpayer burden include reevaluating gold certificate holdings and using tariff revenues. This approach aligns with recent executive directives emphasizing that the reserve should not impact the nation’s budget negatively.

Senator Lummis, a central advocate of the measure, co-hosted the roundtable meeting with Representative Nick Begich. The bipartisan event brought together lawmakers and industry leaders to address hurdles that have slowed progress on the BITCOIN Act in recent months. Their goal is to build consensus on ways the U.S. can benefit from a strategic stake in Bitcoin, both to bolster national reserves and to navigate mounting national debt.

The formation of a strategic Bitcoin reserve is viewed by supporters as a forward-looking move, potentially giving the U.S. an edge in the accelerating global digital asset landscape. As these conversations evolve, the outcome could shape how the world’s largest economy engages with cryptocurrency at the national level, marking a pivotal moment for both technology policy and fiscal strategy.