US lawmakers tap Saylor, Lee to advance Bitcoin reserve bill

US lawmakers are acceptable to conscionable with 18 crypto manufacture executives, including Strategy president Michael Saylor, connected Tuesday to sermon however Congress tin determination guardant with President Donald Trump’s Strategic Bitcoin Reserve.

Those successful attendance volition besides see Fundstrat CEO Tom Lee, who is besides the president of BitMine and MARA CEO Fred Thiel, according to crypto advocacy radical The Digital Chambers, which shared the afloat database with Cointelegraph connected Monday. 

The manufacture executives are looking to physique momentum down the BITCOIN Act — introduced by US Senator Cynthia Lummis successful March — which calls connected the authorities to get 1 cardinal Bitcoin (BTC) implicit 5 years. 

The purchases would beryllium funded done the Federal Reserve and Department of the Treasury, with Trump’s enforcement bid stating that it indispensable beryllium financed done budget-neutral strategies.

The roundtable volition beryllium hosted by The Digital Chambers and its affiliate, The Digital Power Network, they said.

The BITCOIN Act could beryllium the adjacent large absorption for lawmakers connected crypto legislation, pursuing their efforts to walk the GENIUS Act stablecoin bill successful July.

Source: Michael Saylor

Bitcoiners to transportation ideas, question answers

The Bitcoin manufacture executives volition transportation ideas astir however the US tin money these Bitcoin purchases without impacting taxpayers, The Digital Chambers told Cointelegraph.

“The absorption volition beryllium connected ensuring the Strategic Bitcoin Reserve is precocious successful a budget-neutral mode and gathering the conjugation needed to determination the BITCOIN Act forward.”

Among the budget-neutral strategies that person been floated truthful acold are the reevaluation of the Treasury’s golden certificates and tariff revenue.

They volition besides question to larn what has stalled momentum with the BITCOIN Act implicit the past six months, and what the biggest objections to the measure are among lawmakers.

Bitcoin miners, VC, bankers to besides conscionable with lawmakers

Several Bitcoin mining executives volition be the roundtable arsenic well, including CleanSpark executives Matt Schultz and Margeaux Plaisted, MARA’s Jayson Browder, and Bitdeer’s Haris Basit.

Related: US should money Bitcoin strategical reserve with tariff surplus: Author

Executives from crypto-focused task superior firms Off the Chain Capital and Reserve One volition beryllium successful attendance, arsenic volition Andrew McCormick, the caput of concern level eToro’s US business.

TradFi representatives who volition instrumentality a spot astatine the roundtable volition see Western Alliance Bank’s David Fragale and Blue Square Wealth’s Jay Bluestine.

Magazine: US risks being ‘front run’ connected Bitcoin reserve by different nations: Samson Mow