On Tuesday, members of the US Congress will sit down with 18 leaders from the crypto sector — among them Strategy’s executive chairman Michael Saylor — to explore next steps for President Donald Trump’s proposed Strategic Bitcoin Reserve.
The gathering, arranged by advocacy group The Digital Chambers, will also feature Fundstrat co-founder and BitMine chairman Tom Lee, along with Marathon Digital Holdings CEO Fred Thiel.
At the heart of the conversation is the BITCOIN Act, introduced in March by Senator Cynthia Lummis. The bill seeks authorization for the government to accumulate 1 million BTC over the next five years. Purchases would be carried out by the Federal Reserve and Treasury Department, with the requirement that acquisitions remain budget-neutral, in line with Trump’s executive order.
The Digital Chambers and its affiliate, The Digital Power Network, are set to host the roundtable, positioning it as a critical step in building momentum for the bill following Congress’s earlier progress on the GENIUS Act for stablecoins this past July.
Industry pushes for budget-neutral solutions
Executives plan to present strategies for financing the Bitcoin reserve without burdening taxpayers. Options under consideration reportedly include a reassessment of Treasury gold certificates and leveraging tariff revenues.
In addition to pitching ideas, participants hope to gain insight into why the BITCOIN Act has seen little traction over the last six months and to better understand the sticking points among lawmakers.
Wide participation across crypto and finance
Alongside Bitcoin advocates, the roundtable will welcome mining representatives such as Matt Schultz and Margeaux Plaisted of CleanSpark, Jayson Browder of Marathon, and Haris Basit from Bitdeer.
Venture capital will also have a voice, with Off the Chain Capital and Reserve One executives in attendance. From the trading side, Andrew McCormick of eToro US will join the discussions.
Traditional finance won’t be left out either: representatives from Western Alliance Bank (David Fragale) and Blue Square Wealth (Jay Bluestine) are expected to weigh in, underscoring the broad interest in how the US might approach building a strategic Bitcoin reserve.
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