U.S. Congress hosts crypto roundtable on BITCOIN Act funding
U.S. lawmakers will host a roundtable on Tuesday, Sept. 16, with 18 crypto industry executives, including Michael Saylor and Tom Lee to discuss advancing the BITCOIN Act and funding a proposed Strategic Bitcoin Reserve without increasing the federal budget.
The session will bring together executives from MicroStrategy, BitMine, and Fundstrat along with Marathon Digital CEO Fred Thiel and leaders from CleanSpark, Bitdeer and other mining firms. Venture and trading executives from Off the Chain Capital, Reserve One and eToro's U.S. unit will also attend, alongside traditional finance representatives including Western Alliance Bank's David Fragale and Blue Square Wealth's Jay Bluestine.
The Digital Chambers and its affiliate The Digital Power Network will organize the meeting to pitch "budget-neutral" options to fund the Strategic Bitcoin Reserve and identify legislative obstacles to the bill.
The Digital Chambers and its affiliate The Digital Power Network will organize the meeting to pitch "budget-neutral" options to fund the Strategic Bitcoin Reserve and identify legislative obstacles to the bill.
The BITCOIN Act, introduced in March by Senator Cynthia Lummis, would have the federal government acquire one million BTC over five years. The plan would be financed by the Federal Reserve and Treasury without increasing taxpayer burden, according to organizers.
Participants already outlined several budget-neutral funding ideas, including revaluing Treasury gold certificates and using tariff receipts. The roundtable aimed to surface funding options and examine why momentum stalled on the BITCOIN Act in recent months.
The meeting follows other congressional activity on crypto, including efforts to advance legislation on stablecoins and mining during the summer. Organizers said the industry pitches aim to convert executive and technical proposals into political support ahead of any formal legislative push.
The roundtable represents private-sector efforts to coordinate proposals with congressional offices. Participants will discuss specific legislative obstacles and potential solutions for advancing the bill through Congress.
No timeline was provided for when the BITCOIN Act might receive committee consideration or floor votes in either chamber of Congress.
Participants already outlined several budget-neutral funding ideas, including revaluing Treasury gold certificates and using tariff receipts. The roundtable aimed to surface funding options and examine why momentum stalled on the BITCOIN Act in recent months.
The meeting follows other congressional activity on crypto, including efforts to advance legislation on stablecoins and mining during the summer. Organizers said the industry pitches aim to convert executive and technical proposals into political support ahead of any formal legislative push.
The roundtable represents private-sector efforts to coordinate proposals with congressional offices. Participants will discuss specific legislative obstacles and potential solutions for advancing the bill through Congress.
No timeline was provided for when the BITCOIN Act might receive committee consideration or floor votes in either chamber of Congress.
Author
Sebile Fane cut her teeth in blockchain by building tiny NFT experiments with friends in her living room, long before the buzzwords took hold. She’s driven by a curiosity for the human stories behind smart contracts — whether it’s a small-town artist minting her first token or a DAO voting on climate grants — and weaves technical insight with genuine empathy.
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