This week, members of Congress sat down with executives from the cryptocurrency sector to discuss two major policy initiatives: the creation of a strategic Bitcoin reserve and new frameworks for digital asset market structure.
On Tuesday, Alaska Representative Nick Begich and Ohio Senator Bernie Moreno joined a roundtable meeting with prominent figures in the industry, including MicroStrategy co-founder Michael Saylor. The gathering, organized by the Chamber of Digital Commerce along with its affiliates—the Digital Power Network and the Bitcoin Treasury Council—focused on the BITCOIN Act, legislation aimed at formally establishing a U.S. Strategic Bitcoin Reserve.
Hailey Miller, director of government affairs at the Digital Power Network, said the discussions underscored bipartisan recognition of Bitcoin’s potential importance:
“Lawmakers and industry executives agree there is a strong case for a Strategic Bitcoin Reserve to safeguard America’s financial stability. The next step could involve integrating this initiative into the broader policy framework already moving forward.”
In a separate series of talks, senior Republican lawmakers—including House Speaker Mike Johnson, Financial Services Committee Chair French Hill, and Majority Whip Tom Emmer—met with crypto company leaders such as Coinbase CEO Brian Armstrong. These discussions centered on market structure legislation, which had already cleared the House in July.
The focus continued Wednesday, when Senate Banking Committee Republicans, reportedly joined by Wyoming Senator Cynthia Lummis, held another roundtable on advancing a Senate version of the bill. Their proposal, tentatively known as the Responsible Financial Innovation Act, builds on the House’s CLARITY Act and is expected to move toward a committee vote later this month.
Together, the three high-level meetings highlight the Republican Party’s push to put crypto policy back on the agenda after the summer recess.
Pending Crypto Legislation
- BITCOIN Act: Would codify President Donald Trump’s March executive order authorizing the U.S. government to build a reserve of up to 1 million BTC.
- Market Structure Bill: Seeks to clarify which federal agencies are responsible for oversight of the crypto sector and how new regulations will be enforced.
Both bills represent pivotal steps toward shaping the future of cryptocurrency regulation and adoption in the United States.
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