U.S. lawmakers and crypto executives like Michael Saylor push for US strategic bitcoin reserves

According to Golden Finance, more than a dozen crypto industry leaders, including Strategy co-founder Michael Saylor, Marathon Digital Holdings CEO Fred Thiel, will hold a roundtable meeting with Senator Cynthia Lummis and Rep. Nick Begich on Capitol Hill in Washington to promote the legislation of "Strategy Bitcoin Reserves". The proposal was re-established by Lummis in March this year, the "BITCOIN Act", which plans to acquire 1 million Bitcoins through a "budget neutral strategy" within five years and establish it as a strategic reserve asset for the United States. The bill is an extension based on President Trump’s executive order that requires the government to hold Bitcoin permanently, ban the sale, and deposit the confiscated crypto assets into independent reserves. The bill has been submitted to the House Financial Services Committee and the Senate Banking Committee, but there is no scheduled hearing. The action follows Congress’ first stablecoin regulation bill, marking a shift in focus to broader regulation of the crypto industry. Industry organizations such as DPN (DigitalPowerNetwork) said they would ensure strategic bitcoin reserves become a priority in Washington.