U.S. lawmakers and crypto executives like Michael Saylor push for the establishment of a strategic Bitcoin reserve in the U.S.

[U.S. lawmakers and Michael Saylor and other crypto executives push for the establishment of a U.S. strategic Bitcoin reserve] Strategy co-founder Michael Saylor, Marathon Digital Holdings CEO Fred Thiel, and more than a dozen leaders in the crypto industry will hold a roundtable meeting with Senator Cynthia Lummis and Congressman Nick Begich on Capitol Hill in Washington to promote the "strategic Bitcoin reserve" legislation. The proposal was reintroduced by Lummis in March this year, known as the "BITCOIN Act", which plans to acquire 1 million Bitcoins over five years through a "budget-neutral strategy" and establish it as a strategic reserve asset for the United States. This act is an extension of the executive order issued by President Trump, which mandates the government to permanently hold Bitcoin, prohibit its sale, and deposit confiscated encryption assets into a separate reserve. The bill has currently been submitted to the House Financial Services Committee and the Senate Banking Committee, but a hearing has not yet been scheduled. This action follows closely after Congress passed the first stablecoin regulatory bill, marking a shift in focus by legislators towards broader regulation of the cryptocurrency industry. Industry organizations like DPN (Digital Power Network) have stated that they will ensure that strategic Bitcoin reserves become a priority for Washington.