U.S. legislators are preparing to sit down with major figures from the crypto sector, including MicroStrategy Executive Chairman Michael Saylor and Fundstrat’s Tom Lee, to discuss the proposed BITCOIN Act — a bill that seeks to establish a government-backed Strategic Bitcoin Reserve.
The Goal: A Million Bitcoin in Five Years
The BITCOIN Act, introduced by Senator Cynthia Lummis earlier this year, outlines a plan for the U.S. government to accumulate one million BTC over five years. Funding would come from the Federal Reserve and the Treasury, with the requirement that the program remain budget-neutral, meaning it won’t increase the burden on taxpayers.
The Roundtable Meeting
The Digital Chambers, a crypto advocacy group, confirmed that it will host the discussion alongside its affiliate, The Digital Power Network. Attendees include:
- Michael Saylor, MicroStrategy
- Tom Lee, BitMine and Fundstrat
- Fred Thiel, Marathon Digital (MARA)
- Bitcoin mining leaders from CleanSpark, Bitdeer, and MARA
- Venture capital representatives from Off the Chain Capital and Reserve One
- Executives from eToro US, Western Alliance Bank, and Blue Square Wealth
Topics on the Table
Participants will explore budget-neutral funding models for Bitcoin purchases, such as:
- Revaluing U.S. Treasury gold certificates
- Using tariff revenues
- Other strategies to ensure government Bitcoin buys don’t rely on taxpayer funds
They’ll also examine why the bill has stalled since its introduction and seek clarity on lawmakers’ main concerns.
