Congress and Crypto Leaders Weigh Strategic Bitcoin Reserve and Market Structure Reform

Lawmakers and Executives Outline Next Steps for Bitcoin Act and Industry Oversight

Lawmakers and crypto executives convened this week in Washington for high-level discussions on advancing a Strategic Bitcoin Reserve and reforming U.S. digital asset regulation. The roundtable, organized by advocacy group Digital Chamber and its affiliates, brought together Ohio Senator Bernie Moreno, Alaska Representative Nick Begich, and Strategy co-founder Michael Saylor to examine the proposed BITCOIN Act. The measure seeks to establish a national reserve of up to 1 million Bitcoin, turning into law an executive order signed by President Donald Trump in March.

Hailey Miller, Director of Government Affairs and Public Policy at Digital Power Network, highlighted that participants saw the reserve as a necessary foundation for the wider crypto ecosystem. Attendees reached consensus that legislation creating a Strategic Bitcoin Reserve is needed to secure the long-term role of Bitcoin in America’s financial system. Many suggested the reserve could be integrated into broader policy frameworks already under consideration, underscoring the momentum behind the idea.

On the same day, Republican lawmakers engaged in separate talks with leading crypto executives, including Coinbase CEO Brian Armstrong. The meeting, attended by House Financial Services Committee Chair French Hill, Majority Whip Tom Emmer, and Speaker Mike Johnson, centered on the market structure bill that cleared the House in July. Wyoming Senator Cynthia Lummis and Senate Banking Committee Republicans continued the conversation the following day, reviewing provisions for the Responsible Financial Innovation Act, a Senate bill modeled on the CLARITY Act. The measure is expected to reach a committee vote by the end of September.

Proponents frame the Bitcoin Act as an issue of national security and economic strength rather than partisan politics, though support so far has been limited to Republican lawmakers. Both the House Financial Services Committee and the Senate Banking Committee would need to conduct hearings before the bill can advance, yet neither body has indicated immediate plans to schedule formal debate. Meanwhile, the parallel market structure bill remains in flux as legislators weigh how to define agency oversight and enforcement authority across the crypto industry.

This article has been refined and enhanced by ChatGPT.