BITCOIN Act advocates, including Michael Saylor, met with US lawmakers on Tuesday, September 16, 2025, to discuss a federal Bitcoin reserve, according to the source. The effort seeks bipartisan traction and puts Bitcoin policy in the national spotlight.
Industry executives press for a Bitcoin reserve
Saylor was among 18 crypto industry executives at the meeting, the source says. They promoted the BITCOIN Act, which proposes the US government acquire one million Bitcoin over five years. The initiative would formalize a long-term digital asset strategy in Washington.
Backers discussed “budget-neutral strategies” to fund purchases. Proposed options include reevaluating the Treasury’s gold certificates and utilizing tariff revenue. However, details on implementation remain limited at this stage.
Building on a White House directive
The bill, introduced by Senator Cynthia Lummis, builds on President Trump’s March 2025 executive order. That order established a Strategic Bitcoin Reserve for seized crypto assets. The BITCOIN Act aims to expand the framework into proactive accumulation, pending congressional approval.
Supporters now seek bipartisan backing. Meanwhile, lawmakers are weighing fiscal trade-offs and oversight structures. Key questions include custody, purchase cadence, and market impact. According to the source, discussions are ongoing and outcomes are not yet determined.
Why this matters
If advanced, the plan could influence US digital asset policy and reserve management. It could also shape market narratives around nation-state Bitcoin holdings. For background on Bitcoin’s design and scarcity, see this Bitcoin overview.
For readers exploring mechanics behind dollar-pegged assets often used in such purchases, our guide explains how stablecoins work.
