Michael Saylor, co-founder of Strategy Inc, and other top crypto executives, join US lawmakers in Washington to support the BITCOIN Act: a bill proposing the US government accumulate one million bitcoin as a permanent strategic reserve.
Senator Cynthia Lummis and Representative Nick Begich are hosting the roundtable, reintroducing the legislation. The bill positions Bitcoin alongside gold as a national reserve asset. Saylor, Thiel, and industry colleagues pressed for “budget-neutral strategies” to fund the BTC reserve, echoing President Trump’s executive order mandating permanent government crypto holdings from seizures.
The ongoing push for a strategic US Bitcoin reserve follows the successful implementation of the GENIUS Act, a bill passed in July to regulate stablecoins. If passed, the BITCOIN Act will serve as a legislative framework for the overall crypto industry at large, putting the US ahead in the digital asset regulatory race.
Investor Takeaway
The BITCOIN Act, if approved, would establish a U.S. government-held Bitcoin reserve, positioning BTC alongside gold as a national strategic asset.
US Bitcoin Strategic Reserve Bill: Crypto Execs and Lawmakers Weigh in
Policymakers and crypto leaders, including Saylor, Fred Thiel (Marathon Digital), Tom Lee (BitMine), Charles Hoskinson (Cardano), Bitdeer’s Haris Basit, and Riot’s Brian Morgenstern, see Bitcoin as key to global monetary strength and digital competitiveness.
Earlier this year, Michael Saylor, co-founder of MicroStrategy — the world’s largest corporate Bitcoin holder — highlighted the strategic importance of a U.S. Bitcoin reserve. He described holding Bitcoin as owning “property in cyberspace” and suggested that a national Bitcoin reserve could cement America’s dominance in the digital realm.
Saylor also warned that if the U.S. fails to establish such a reserve, other nations could seize the opportunity to lead in the rapidly growing digital asset space.
Other crypto execs share the same sentiment, including Cameron Winklevoss, the CEO of Gemini, who shared on X that a “strategic Bitcoin reserve is not really a choice but a must for any country given the rarity of the asset.”
The BITCOIN Act sets a five-year timeline for the US Treasury and Federal Reserve to accumulate one million BTC, using offsetting mechanisms such as gold certificate reevaluation and tariff revenues, minimizing impact on taxpayers.
Hailey Miller, DPN Director of Government Relations, explained, “Our real push is to ensure that the BITCOIN Act and a strategic bitcoin reserve remain a priority.” Industry briefings called the plan a “bipartisan opportunity” and stressed resilience for US financial markets.
The push to classify Bitcoin as a strategic asset mirrors historic moves for gold, shifting the narrative from speculation to permanent national holdings. President Trump’s earlier executive order now requires that seized digital assets be retained rather than sold. Lummis’ bill, in contrast, proposes the deliberate accumulation of digital assets through a government mandate.
Passing the BITCOIN Act would add another layer to US monetary infrastructure, after recent progress on stablecoin regulation (GENIUS Act). While some industry voices, including Samson Mow, demand faster action, bipartisan support is vital as current momentum is highest among Republicans.
Investor Takeaway
US Bitcoin Policy and the Global Bitcoin Reserve Race
Other countries, including El Salvador, Singapore, and certain EU states, are also pursuing Bitcoin reserves or large-scale purchases. If passed, the bill will likely set long-term demand and price floors, anchoring Bitcoin at the heart of US financial and reserve strategy.
The bill faces House and Senate scrutiny with committee hearings pending as industry advocates work to secure cross-aisle buy-in.
In the meantime, lawmakers and crypto leaders now focus on advancing committee hearings for the BITCOIN Act, building broad support, and locking down concrete budget-neutral mechanisms. Upcoming briefings will address regulatory friction, national security benefits, and sector impact.
