US lawmakers met cryptocurrency executives in three roundtables this week to discuss the BITCOIN Act, a Strategic Bitcoin Reserve, and market-structure legislation. Lawmakers and industry leaders signaled advancing action on a national Bitcoin reserve and clearer regulatory roles for U.S. agencies.
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Three Washington roundtables focused on a Strategic Bitcoin Reserve and market-structure bills.
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Key attendees included lawmakers, Michael Saylor, Coinbase executives, and industry advocacy groups.
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The BITCOIN Act would permit a national reserve up to 1 million BTC; Senate measures build on the CLARITY Act framework.
Meta description: US lawmakers meet crypto industry in three roundtables to debate the BITCOIN Act and market-structure bills; read key outcomes and next steps.
What happened when US lawmakers met the crypto industry this week?
US lawmakers met crypto industry leaders across three roundtables to discuss the BITCOIN Act, a proposed Strategic Bitcoin Reserve, and a market-structure bill. Lawmakers and executives agreed on the need to clarify regulatory roles and explore codifying a national Bitcoin reserve, with committee votes expected soon.
Who attended the roundtables and what were the main topics?
The sessions included Alaska Representative Nick Begich, Ohio Senator Bernie Moreno, House Speaker Mike Johnson, House Financial Services Chair French Hill, Majority Whip Tom Emmer, and reported Senate attendees such as Senator Cynthia Lummis. Industry participants included Michael Saylor and executives from major crypto firms, along with advocates from the Digital Power Network and Bitcoin Treasury Council. Discussions centered on the BITCOIN Act, Strategic Bitcoin Reserve (SBR) proposals, and market-structure legislation aimed at clarifying agency oversight.
Source: Digital Power Network
How does the BITCOIN Act propose a Strategic Bitcoin Reserve?
The BITCOIN Act would codify an executive order allowing the U.S. government to hold up to 1 million BTC in a national reserve. Proponents say a Strategic Bitcoin Reserve is intended to support long-term financial strategy and national resilience, while critics have raised fiscal and governance questions.
What is the status of market-structure legislation in Congress?
House-passed language from the CLARITY Act serves as a foundation for Senate conversations on market structure. Republican lawmakers are advancing a Responsible Financial Innovation Act variant in the Senate that seeks to define regulatory roles for financial agencies and create clearer rules for crypto markets. Committee-level votes were anticipated by the end of September.
Frequently Asked Questions
Will the BITCOIN Act allow the U.S. to hold one million BTC?
Yes, the BITCOIN Act is intended to codify an executive order that would legally permit the government to hold up to 1 million BTC in a Strategic Bitcoin Reserve, subject to congressional and administrative implementation details.
When might Congress vote on the market-structure bill?
Senate leaders signaled committee consideration by the end of September; exact dates depend on committee schedules and amendments. House passage of related CLARITY Act language occurred earlier in July.
Key Takeaways
- Three roundtables convened: Lawmakers and industry leaders discussed a Strategic Bitcoin Reserve and market-structure legislation.
- BITCOIN Act focus: The bill aims to enable a national reserve up to 1 million BTC and to codify prior executive action.
- Market-structure progress: Senate measures draw from the CLARITY Act; committee votes were expected soon.
Conclusion
US lawmakers met the crypto industry in three focused roundtables to advance conversations on the BITCOIN Act, a potential Strategic Bitcoin Reserve, and a market-structure framework. The meetings reinforced bipartisan attention to clearer regulatory roles and potential codification of policy; stakeholders should monitor committee calendars and official bill texts for next steps.
