US Lawmakers Meet Michael Saylor And Crypto Chiefs To Fast-Track Strategic Bitcoin Reserve Plan: Is The US Ready To Back One Million Bitcoin?

US Lawmakers To Debate Creation Of A Strategic Bitcoin Reserve

Top American legislators will sit down with 18 cryptocurrency executives on Tuesday to examine a proposal that could make Bitcoin part of the nation’s official reserves.

The private roundtable on Capitol Hill aims to push forward the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act,” better known as the BITCOIN Act.

One Million Bitcoin Over Five Years

The bill, reintroduced in March by Senator Cynthia Lummis and Representative Nick Begich, calls for the United States government to acquire one million Bitcoin over a five-year period.

Purchases would be carried out using “budget-neutral strategies” through the Federal Reserve and the Department of the Treasury, mirroring how the nation manages its gold reserves.

President Donald Trump has already signed an executive order requiring Bitcoin and other seized digital assets to be held in a permanent government fund, setting the groundwork for the plan.

Industry Heavyweights Gather In Washington

Those expected at the meeting include Strategy co-founder Michael Saylor, Marathon Digital Holdings CEO Fred Thiel, and Cardano creator Charles Hoskinson.

Fundstrat’s Tom Lee, who also chairs BitMine, will join senior executives from mining companies such as CleanSpark, Bitdeer and Riot, along with representatives from venture firms Off the Chain Capital and Reserve One.

Traditional finance will be present too, with Western Alliance Bank’s David Fragale and Blue Square Wealth’s Jay Bluestine on the list.

Lawmakers Seek Budget-Neutral Path

Advocates say the core debate will focus on how to fund the massive Bitcoin acquisition without burdening taxpayers.

Options floated include revisiting the Treasury’s gold certificates and exploring tariff revenue.

According to the Digital Chambers,

“The focus will be on ensuring the Strategic Bitcoin Reserve is advanced in a budget-neutral way and building the coalition needed to move the BITCOIN Act forward.”

Push For Bipartisan Support

So far, backing for the bill remains entirely Republican.

For the measure to progress, it must pass through the House Financial Services Committee and the Senate Banking Committee, neither of which has scheduled hearings.

Hailey Miller, director of government relations at the Digital Power Network (DPN), said her team will distribute a one-page briefing to frame the proposal as a “bipartisan opportunity.”

Momentum Builds After Stablecoin Legislation

The discussion comes on the heels of Congress approving its first crypto-specific law regulating stablecoins in July.

Industry leaders hope that success signals a broader appetite for digital asset policy.

Cardano’s Hoskinson confirmed his attendance with a simple message on X:

“See everyone in DC tomorrow.”

A Strategic Gamble With Global Ripples

Coinlive views this roundtable as more than another policy talk.

A government-backed plan to amass one million Bitcoin, worth over $115 billion at current prices, would rank among the largest single commitments to digital assets in history.

If Washington embraces Bitcoin as a strategic reserve, the move could reset global perceptions of crypto as a core financial instrument rather than a speculative play.

Whether Democrats join the effort or the plan stalls, the debate itself signals that digital currency is now entangled with the nation’s economic and geopolitical ambitions.