CMC News

$BTC Reserve Bill Gains Momentum as Lawmakers Meet Industry Leaders

Republican lawmakers met with cryptocurrency industry executives on Tuesday to discuss legislation establishing a strategic #Bitcoin reserve for the United States. The roundtable event focused on the BITCOIN Act, which would require the government to acquire 1 million $BTC over five years.

Alaska Representative Nick Begich and Ohio Senator Bernie Moreno joined #Strategy (formerly known as MicroStrategy) co-founder #MichaelSaylor and other industry leaders in discussions hosted by Digital Chamber affiliates. The meeting explored various acquisition methods that wouldn't burden the federal budget, according to attendees.

House Speaker Mike Johnson participated in separate Tuesday discussions with Coinbase CEO Brian Armstrong and other crypto executives. The conversations addressed market structure legislation advancement, building on bills the House passed in July regarding regulatory clarity.

Senate Banking Committee Republicans held Wednesday roundtables considering their market structure bill version. The Responsible Financial Innovation Act builds upon the CLARITY Act, which passed the House and awaits committee votes by September's end.

The BITCOIN Act would codify President Trump's March executive order establishing a legal framework for government Bitcoin holdings. The legislation aims to position $BTC as a national reserve asset comparable to gold in America's strategic reserves.

Industry advocates pushed for the Strategic Bitcoin Reserve's inclusion within broader policy frameworks already advancing through Congress. Most attendees expressed optimism about bipartisan support despite initial skepticism from some lawmakers about #cryptocurrency adoption.

#DigitalAsset legislation faces momentum as Republicans prioritize crypto-friendly policies following their September recess.