On Tuesday, September 16, 2025, cryptocurrency advocates, including Strategy co-founder Michael Saylor and Marathon Digital Holdings CEO Fred Thiel, will converge on Capitol Hill to champion legislation that could position the United States as a major holder of Bitcoin.
The proposed bill, if enacted, would authorize the U.S. government to acquire one million bitcoins over five years, establishing a “strategic Bitcoin reserve” akin to the nation’s gold reserves.
The gathering, described as a roundtable discussion, is hosted by Sen. Cynthia Lummis (R-WY) and Rep. Nick Begich (R-AK), key figures behind the legislation.
Hailey Miller, director of government relations and public policy at the Digital Power Network (DPN), an affiliate of The Digital Chamber, confirmed that more than a dozen crypto industry professionals will participate.
Their goal is to advocate for the BITCOIN Act, formally known as the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act,” which Sen. Lummis reintroduced in March 2025.
The BITCOIN Act aims to cement Bitcoin’s role as a strategic reserve asset for the United States.
The legislation builds on an executive order issued by President Donald Trump, which directed the creation of a permanent Bitcoin stockpile, prohibiting the sale of Bitcoin and other cryptocurrencies obtained through criminal or civil forfeiture proceedings.
The proposed reserve would mirror the U.S. government’s approach to holding gold, signaling a long-term commitment to digital assets as a cornerstone of economic strategy.
Under the terms of the BITCOIN Act, the U.S. would acquire one million bitcoins over a five-year period using what the bill describes as “budget-neutral strategies.”
These strategies are designed to ensure that the acquisition process does not strain federal finances, potentially leveraging existing resources or forfeited assets.
The bill’s proponents argue that establishing a Bitcoin reserve could bolster financial innovation, enhance the nation’s economic competitiveness, and position the U.S. as a leader in the evolving digital asset landscape.
Sen. Lummis, a long-time advocate for cryptocurrency, has emphasized the importance of integrating digital assets into the nation’s financial framework.
Her legislation reflects a growing recognition among policymakers of Bitcoin’s potential as a store of value and a hedge against inflation.
By creating a strategic reserve, the U.S. could signal confidence in Bitcoin’s long-term viability, potentially encouraging broader adoption by institutions and governments worldwide.
The roundtable discussion comes at a pivotal moment for the cryptocurrency industry, which has faced regulatory uncertainty in recent years.
Advocates like Saylor and Thiel are expected to highlight Bitcoin’s role in fostering economic resilience and technological innovation.
Saylor, known for Strategy’s aggressive Bitcoin acquisition strategy, has long argued that Bitcoin is a superior asset for preserving wealth in an era of fiat currency volatility.
Similarly, Thiel, whose company is a Bitcoin mining operation, is likely to underscore the importance of domestic leadership in the crypto mining and blockchain sectors.
The event also underscores the growing influence of the cryptocurrency industry in Washington.
Organizations like the Digital Power Network and The Digital Chamber appear to have been instrumental in bridging the gap between policymakers and crypto sector professional, advocating for clear and supportive regulatory frameworks.
The participation of key industry figures in Tuesday’s roundtable reflects the industry’s determination to shape legislation that aligns with its vision for the future of finance.
If the BITCOIN Act becomes law, it could mark a transformative moment for Bitcoin’s role in the digital economy.
A U.S.-backed strategic Bitcoin reserve would not only further legitimize the asset class but also set a precedent for other nations to follow.
As the crypto advocates make their case on Capitol Hill, the outcome of their efforts could potentially help redefine the intersection of technology, finance, and government policy in the foreseeable future.