Overview

• Sen. Cynthia Lummis and Rep. Nick Begich are hosting a Capitol Hill roundtable today with 18 industry leaders, including Michael Saylor, to advocate the BITCOIN Act.
• The legislation would designate bitcoin as a U.S. reserve asset and target acquisition of one million BTC over five years through Treasury-devised budget-neutral strategies.
• It would formalize a government crypto stockpile by requiring forfeited assets to be held separately and by building on President Trump's order establishing federal bitcoin holdings and pausing sales.
• The measure is parked in the House Financial Services and Senate Banking committees, with participants focusing on next steps to build bipartisan support after initial Republican backing.
• Industry groups including the Digital Power Network and The Digital Chambers are coordinating the push as Congress advances broader crypto policy following passage of a stablecoin framework.