- U.S. lawmakers met with crypto industry leaders to discuss a national Bitcoin reserve and crypto market regulations.
- The meetings took place following the legislative recess in September.
- The proposed BITCOIN Act would allow the government to establish a strategic Bitcoin reserve, with a cap of up to 1 million BTC.
- Legislators also addressed new bills that aim to define oversight for U.S. financial agencies over cryptocurrencies.
- Discussions included members of Congress, Senate, and executives from major crypto companies such as Coinbase and Strategy.
A group of U.S. Congress members and Senate leaders met with cryptocurrency industry executives in Washington, D.C. this week to discuss proposed laws including the creation of a national Bitcoin reserve and new crypto market regulations. The meetings involved key participants such as Alaska Representative Nick Begich, Ohio Senator Bernie Moreno, and Strategy co-founder Michael Saylor. The events were hosted by advocacy group Digital Chamber and its affiliates.
According to Hailey Miller, director at Digital Power Network, attendees at one roundtable agreed on the necessity of a “Strategic Bitcoin Reserve law” to secure Bitcoin’s role in America’s financial future. Miller said, “Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future.” She added that the next steps could involve including the reserve in broader policy frameworks already in progress.
On Tuesday, other Republican lawmakers such as House Speaker Mike Johnson, French Hill, and Majority Whip Tom Emmer met with crypto company executives like Coinbase CEO Brian Armstrong. Topics included how to move forward with a market structure bill the House of Representatives passed in July. A follow-up roundtable included Republican leaders from the Senate Banking Committee, reportedly with Wyoming Senator Cynthia Lummis, to consider similar market structure legislation.
The BITCOIN Act, still under discussion, aims to formalize an executive order from March signed by President Donald Trump. This law would let the U.S. government hold up to 1 million Bitcoin (BTC) in a strategic reserve. Another bill, described as the Responsible Financial Innovation Act and built on the previously passed CLARITY Act, would define how U.S. financial agencies regulate crypto markets.
Lawmakers signaled a strong focus on advancing crypto-related legislation after returning from the September break. Further discussion and committee votes on these measures are expected in the coming weeks.
For more details about the meetings and proposals, visit the Digital Power Network on X and the summary of official discussions shared by GOP Majority Whip.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- AI-Generated Malware Targets Hotels in Brazil, Latin America
- Compound DAO Rejects $13M Token Clawback, 70% Vote Against Proposal
- Pump Fun Streams Feature Gaza Pleas, Stunts, and Memecoin Hype
- MoneyGram Launches Stablecoin Remittance App in Colombia
- Chinese Yuan Usage Doubles as De-Dollarization Gains Momentum
