Crypto Leaders Push for U.S. Bitcoin Reserve on Capitol Hill

The BITCOIN Act, formally titled the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act,” represents one of the most ambitious cryptocurrency legislative proposals to date. Originally reintroduced by Senator Cynthia Lummis in March, the legislation builds upon an executive order signed earlier this year by President Donald Trump that mandated seized digital assets be held in a permanent government fund. However, the BITCOIN Act goes significantly further by directing the Federal Reserve and Treasury to acquire one million bitcoins through budget-neutral methods that avoid burdening taxpayers.

The proposed acquisition mechanisms include reassessing Treasury gold certificates and utilizing tariff revenues, creating a strategic digital asset reserve without additional fiscal strain. This approach mirrors historical strategies used to build national gold reserves while adapting to the realities of 21st-century digital finance. The legislation’s supporters argue that establishing a substantial bitcoin position would provide the United States with strategic advantages in the emerging digital economy, similar to how gold reserves have traditionally supported monetary stability and national security.

The roundtable brings together an unprecedented coalition of cryptocurrency industry leadership, including MicroStrategy co-founder Michael Saylor, Marathon Digital Holdings CEO Fred Thiel, Fundstrat CEO Tom Lee, Cardano founder Charles Hoskinson, Bitdeer Chief Strategy Officer Haris Basit, Riot’s Senior Vice President of Public Policy Brian Morgenstern, and Cleanspark CEO Matt Schultz. Organized by The Digital Chamber and its affiliate, the Digital Power Network (DPN), this gathering represents the most concentrated effort to date to influence cryptocurrency policy at the federal level.

According to Hailey Miller, DPN’s director of government relations and public policy, the primary objective is “ensuring the Strategic Bitcoin Reserve is advanced in a budget-neutral way and building the coalition needed to move the BITCOIN Act forward.” Industry executives plan to press lawmakers on the specific obstacles that have hindered the bill’s progress over the past six months and identify the objections that have stalled its momentum. Their strategy involves presenting bitcoin not as a partisan issue but as a bipartisan priority essential for national security and economic competitiveness.

Despite the enthusiastic support from Republican lawmakers, the BITCOIN Act currently faces significant political hurdles. The legislation has yet to attract Democratic support, creating a partisan divide that could prove challenging to overcome. For the bill to advance, it must undergo hearings before both the House Financial Services Committee and Senate Banking Committee, though no dates have been scheduled for these critical proceedings.

DPN plans to circulate a comprehensive briefing that presents the legislation as a “bipartisan opportunity,” emphasizing how a strategic bitcoin reserve could benefit national interests regardless of political affiliation. Advocates are framing the reserve as essential for maintaining U.S. technological leadership against competing nations that are rapidly developing their own digital asset strategies. The roundtable represents a crucial test of whether cryptocurrency legislation can transcend partisan politics and gain traction as a matter of national priority.

The timing of this push is particularly significant given the recent acceleration of digital asset developments globally. As Miller emphasized, “There is a lot that’s been done in the digital asset space these last couple of months, and there are a whole lot more items on the agenda. Our real push is to ensure that the BITCOIN Act and a strategic bitcoin reserve remain a priority.” Today’s meeting could mark a pivotal moment in determining whether the United States will establish a formal position in the world’s leading cryptocurrency or risk falling behind in the digital asset revolution.