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2d ago

Capitol Hill Roundtable, New Treasury Council Step Up Push for U.S. Bitcoin Reserve

Backers seek committee movement by pitching budget‑neutral financing.

Michael Saylor, Marathon Digital CEO, and industry leaders advocate BITCOIN Act at Capitol Hill roundtable
bitcoin bank Corporate
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Overview

  • Lawmakers met today with about 18 crypto and TradFi leaders, including Michael Saylor, Tom Lee and Fred Thiel, to press the BITCOIN Act.
  • The bill would designate bitcoin as a strategic reserve asset and direct acquisitions of one million BTC over five years.
  • A coalition of corporate holders announced a Treasury Council led by Strategy’s Phong Le, MARA’s Fred Thiel and Riot’s Jason Les to advocate the measure.
  • Attendees floated budget‑neutral funding concepts, including revaluing Treasury gold certificates, using tariff revenue and applying Federal Reserve net earnings.
  • The proposal is before the House Financial Services and Senate Banking committees with mainly Republican backing, and Trump’s March order retained roughly 200,000 seized BTC without authorizing new purchases.