US legislators are scheduled to meet with 18 leaders from the crypto industry, including Strategy chairman Michael Saylor, on Tuesday to discuss how Congress can proceed with President Donald Trump’s Strategic Bitcoin Reserve.
Attendees will also feature Fundstrat CEO Tom Lee, who is additionally the chairman of BitMine, along with MARA CEO Fred Thiel, as reported by crypto advocacy group The Digital Chambers, which provided the complete list to Cointelegraph on Monday.
The industry leaders aim to generate support for the BITCOIN Act, a proposal introduced by US Senator Cynthia Lummis in March that urges the government to acquire one million Bitcoin (BTC) over the period of five years.
Funding for these purchases would come from the Federal Reserve and the Department of the Treasury, with Trump’s executive order stipulating that it must be financed through budget-neutral approaches.
The roundtable discussion will be organized by The Digital Chambers and its affiliate, The Digital Power Network, as they announced.
The BITCOIN Act might become a key focus for lawmakers regarding crypto legislation, following their attempts to pass the GENIUS Act stablecoin bill in July.
Bitcoiners to pitch ideas, seek answers
Bitcoin industry leaders will propose ideas on how the US can fund these Bitcoin purchases while avoiding costs to taxpayers, The Digital Chambers informed Cointelegraph.
“The emphasis will be on advancing the Strategic Bitcoin Reserve in a budget-neutral manner and building the coalition necessary to push the BITCOIN Act forward.”
Among the budget-neutral strategies that have been discussed are the reassessment of the Treasury’s gold certificates and tariff revenue.
Participants will also aim to understand the reasons behind the stagnation of momentum for the BITCOIN Act over the past six months, as well as the main objections to the bill from lawmakers.
Bitcoin miners, VC, bankers to also meet with lawmakers
Several executives from Bitcoin mining companies will be present at the roundtable, including CleanSpark’s Matt Schultz and Margeaux Plaisted, MARA’s Jayson Browder, and Bitdeer’s Haris Basit.
Related: US should fund Bitcoin strategic reserve with tariff surplus: Author
Executives from crypto-focused venture capital firms Off the Chain Capital and Reserve One will also participate, along with Andrew McCormick, head of investment platform eToro’s US division.
Traditional finance representatives attending will include David Fragale from Western Alliance Bank and Jay Bluestine from Blue Square Wealth.
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