On September 17, U.S. lawmakers convened to discuss legislation framing a Bitcoin strategic reserve, with attendees including Senators Ted Cruz and Marsha Blackburn and industry figures such as MicroStrategy founder Michael Saylor. The reintroduced BITCOIN Act, sponsored by Senator Cynthia Lummis, proposes to classify Bitcoin as a national reserve asset and outlines a government acquisition target of 1 million bitcoins over a five‑year horizon.
Policy stakeholders, including Hailey Miller of Digital Power Network, reported broad recognition of the need for a formal reserve mechanism and recommended integrating the proposal into a broader regulatory and fiscal framework. Observers note the bill faces significant political scrutiny outside the crypto sector, and Senator Lummis acknowledged that securing sufficient legislative traction may take time.