US legislators are gathering with 18 leading figures from the crypto and traditional finance sectors to explore avenues to advance the Bitcoin Act.
Summary
- The roundtable will concentrate on promoting the BITCOIN Act, which aims for the US government to acquire one million Bitcoin within five years through budget-neutral methods.
- Topics to be discussed include utilizing Treasury gold certificates and tariff income while tackling legislative delays and gaining support for the bill.
Today, US lawmakers will gather with 18 leaders from the crypto sector to deliberate on the BITCOIN Act. As per the list provided to Cointelegraph by the Digital Chambers, participants include Strategy’s Michael Saylor, BitMine’s Tom Lee, and MARA’s Fred Thiel.
Additional prominent crypto figures attending include Bitcoin mining experts Matt Schultz and Margeaux Plaisted from CleanSpark, Jayson Browder from MARA, and Haris Basit from Bitdeer. Representatives from crypto-centric VC firms Off the Chain Capital and Reserve One, along with Andrew McCormick, head of eToro’s US operations, will also be present.
From the traditional finance sector, executives such as David Fragale of Western Alliance Bank and Jay Bluestine of Blue Square Wealth are expected to join.
Roundtable to promote Bitcoin Act for US BTC acquisition
The roundtable, organized by crypto advocacy group The Digital Chambers alongside its affiliate The Digital Power Network, will focus on advancing the BITCOIN Act, introduced by Senator Cynthia Lummis in March. This legislation proposes that the US government purchase one million Bitcoin (BTC) over a span of five years using budget-neutral approaches.
Specifically, attendees will present ideas for funding these acquisitions without imposing costs on taxpayers, as noted by the Digital Chambers to Cointelegraph.
Some budget-neutral strategies already suggested include reassessing Treasury gold certificates and utilizing tariff revenue to finance these purchases.
Participants will also review reasons for the delays in the bill’s advancement over the last six months and discuss potential objections from lawmakers to build the necessary coalition to push forward the Bitcoin Act.
