Senators and crypto leaders meet in Washington: Is more government support for Bitcoin on the way?

Senators and crypto leaders meet in Washington: Is greater state support for Bitcoin on the way?

Influential figures in the crypto sector will gather in Washington to promote the BITCOIN Act, a law that could lead the United States to purchase 1 million bitcoins and strengthen its leadership in the digital economy.

A high-voltage meeting in Washington will bring together Republican senators and crypto leaders to push for the BITCOIN Act, a regulatory project that proposes acquire one million bitcoins

The initiative promises to position the United States as a central player in the digital economy, while sparking debates about financial sovereignty, national security, and regulation of the crypto ecosystem.

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Bitcoin is being discussed today on Capitol Hill

Today at the US Capitol, some of the most influential figures in the crypto world will meet with lawmakers, including the Senator Cynthia Lummis, to advance the discussion on the BITCOIN Act. According to According to sources, this session seeks to go beyond traditional political differences and build a shared vision that combines economic, technological, and strategic arguments in favor of Bitcoin. 

Experts note that having crypto executives and technical experts at the table will provide a practical approach to how to safeguard and store large amounts of Bitcoin, a key aspect of the U.S. strategic reserve's viability.

Figures such as Michael saylor, co-founder and executive chairman of Strategy, and Fred Thiel, CEO of Marathon Digital, who will participate in the roundtable with a clear objective: to promote the approval of a law that proposes that the United States purchase one million bitcoins over five years, financed with strategies that do not increase net public spending. 

What is the BITCOIN Act?

The BITCOIN Act is a bill that seeks to establish a "strategic Bitcoin reserve" for the country. The legislation proposes that the US government Acquire up to 1 million bitcoins within five years as a strategic asset, similar to how gold is reserved in monetary policy. 

This bill was promoted by Senator Cynthia lummis and the representative Nick Begich, and has the support of key figures in the crypto industry. 

If approved, this law would make Bitcoin an official reserve asset for the United States, strengthening its technological and financial competitiveness worldwide. Furthermore, the law proposes that these acquisitions be made through neutral budget strategies and expands on a previous executive order by Donald Trump that prohibits the sale of seized bitcoins by the federal government.

In short, this bill also seeks to establish clear standards on technical issues such as custody, reserve verification, and standards against money laundering and illicit financing, aspects considered essential to clearing regulatory doubts and ensuring the bill's solid progress in Congress.

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Considering the scope of this bill, the talks taking place today in Washington are much more than symbolic; they represent concrete steps toward shaping the regulatory future of Bitcoin and the crypto industry in the United States. 

For those who manage digital assets, the clarity and legal certainty sought with this law also indicate a more stable and solid environment for mass adoption at all levels.

Bitcoin as a global strategic reserve

Ahead of this key meeting, experts point out that the BITCOIN Act represents a turning point for the sovereign adoption of Bitcoin and public policy in the United States. With figures like Michael Saylor and Fred Thiel engaging directly with legislators, the industry demonstrates a serious commitment to promoting a robust and favorable regulatory framework. If passed, this initiative would establish a strategic reserve that could make the United States one of the largest government holders of BTC globally.

According to experts, this move goes far beyond the impact on the market; it raises the consideration of Bitcoin as a strategic national asset and not just as a speculative financial instrument. This projects a powerful signal to institutional and retail investors about the growing legitimacy and weight of cryptocurrencies in the most influential financial and political spheres.

At the industrial level, the creation of this strategic reserve could incentivize major investments in national infrastructure for the security and custody of digital assets. Service providers, auditing agencies, and exchanges would have the opportunity to consolidate standards and strengthen market confidence. This effect reinforces the view that the regulatory initiative not only has a financial impact, but also an important geostrategic dimension.

Furthermore, the law in question would not only strengthen the US cryptocurrency ecosystem but could inspire other countries to follow a similar model, thereby transforming financial and technological relations globally. However, all of this also comes with a challenge. 

Between legitimation and decentralization

Despite the enthusiasm generated by the opening of the United States to the cryptoasset market, many question the validation of the so-called "digital gold", expressing concern about possible risks of state control and market distortions.

The ongoing debate surrounding the law, marked by meetings in Washington, will be crucial to resolving technical issues and consolidating support. The crypto community is closely monitoring this entire process, which could position Bitcoin as a strategic macro asset.

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