Paul Johnson Washington Turns to Bitcoin Titans for Policy Push of Bitcoin Act
The battle over America’s crypto future is taking center stage in Washington, and this time, Bitcoin’s loudest advocates are directly in the room. Lawmakers are set to meet with 18 leading industry executives—including MicroStrategy’s Michael Saylor and BitMine’s Tom Lee—to strategize on how to advance the BITCOIN Act and fund a historic Strategic Bitcoin Reserve.
The push, championed by President Donald Trump and Senator Cynthia Lummis, envisions the U.S. government acquiring one million Bitcoin over five years. With BTC hovering around $115,000, the stakes are sky-high—both politically and financially.
What’s at Stake with the BITCOIN Act
The BITCOIN Act, introduced in March, lays the groundwork for a government-backed accumulation of Bitcoin, potentially reshaping global monetary competition. The idea: hold a strategic reserve of Bitcoin much like gold, but without burdening taxpayers.
Lawmakers have already tested the waters with the GENIUS Act, a stablecoin framework passed in July. But the Strategic Bitcoin Reserve could be the bigger prize, signaling that the U.S. intends to treat Bitcoin not as a fringe asset, but as a pillar of national strategy.
Budget-Neutral or Bust
A key challenge—and the main theme of this week’s roundtable—is figuring out how to finance Bitcoin accumulation without adding to the deficit. President Trump’s executive order makes it clear: the plan must be budget-neutral.
Among the floated options:
Reevaluating Treasury’s gold certificates to free up balance sheet flexibility.
Redirecting tariff revenues into Bitcoin purchases.
Industry insiders will also pitch fresh ideas on Tuesday, aiming to prove that the U.S. can build its Bitcoin war chest without squeezing taxpayers.
Who’s in the Room?
This isn’t just a crypto echo chamber. The invite list is a who’s who of both Bitcoin maximalists and traditional finance executives:
Michael Saylor (MicroStrategy) – Bitcoin’s most vocal corporate bull.
Tom Lee (Fundstrat, BitMine) – Analyst-turned-industry leader.
Fred Thiel (Marathon Digital) – Representing miners’ interests.
CleanSpark, Bitdeer, MARA executives – Mining heavyweights.
Venture capital firms Off the Chain Capital and Reserve One – Funding the next wave of Bitcoin innovation.
David Fragale (Western Alliance Bank) & Jay Bluestine (Blue Square Wealth) – TradFi voices joining the conversation.
eToro’s Andrew McCormick – Linking retail investment to the debate.
The event is being hosted by The Digital Chambers and its affiliate, The Digital Power Network, underscoring how advocacy groups are steering the political narrative.
Why Momentum Stalled
Even with Trump’s backing, the BITCOIN Act has faced hurdles in Congress over the past six months. Lawmakers remain divided on risks ranging from Bitcoin’s volatility to its geopolitical implications. Critics argue that a federally funded Bitcoin reserve could expose U.S. finances to wild market swings.
Tuesday’s roundtable aims to identify the sticking points and build the bipartisan coalition needed to move the bill forward.
Also Read: Bitcoin Tops $114K as Traders Watch U.S. CPI for Rate-Cut Signals
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
