US lawmakers will meet 18 crypto executives on September 16, 2025 to discuss the Strategic Bitcoin Reserve and the BITCOIN Act. The hosts are The Digital Chambers and The Digital Power Network. The session aims to set a near-term path for committee work.
The invite list includes Michael Saylor of Strategy and Tom Lee, who leads Fundstrat and chairs BitMine. MARA chief Fred Thiel will also attend. Organizers shared the roster with Cointelegraph ahead of the meeting.
The agenda centers on a budget-neutral approach. Lawmakers want mechanisms that do not raise taxes or expand deficits. They will also ask why momentum slowed in recent months.
“The focus will be on ensuring the Strategic Bitcoin Reserve is advanced in a budget-neutral way and building the coalition needed to move the BITCOIN Act forward,” The Digital Chambers told Cointelegraph. The group framed the roundtable as a working session. Staff will capture action items for follow-up.
BITCOIN Act targets one million BTC with budget-neutral plan
Senator Cynthia Lummis introduced the BITCOIN Act in March. The bill directs the US to buy one million BTC over five years. It sets a fixed acquisition schedule.
The plan identifies the Federal Reserve and the Department of the Treasury as funding channels. It aligns with President Donald Trump’s executive order requiring budget-neutral financing. That mandate shapes every proposal on the table.
For context, the source text cited BTC at $115,140. That market level provides scale for potential purchases. However, the meeting focuses on legal authority, custody, and execution.
Funding ideas: tariff revenue and gold certificates
Participants will review tariff revenue as a possible budget-neutral source. Under that approach, a share of customs income would fund Strategic Bitcoin Reserve purchases. It avoids new taxes and separate appropriations.
Another option involves revaluing legacy Treasury gold certificates. An updated book value could create room on federal balance sheets. Then, officials could channel that capacity into the BITCOIN Act schedule.
Attendees will document technical and accounting hurdles. They will ask which objections stalled the bill. The notes will guide revisions to satisfy committees and counsel.
Who is at the table: Michael Saylor, Tom Lee, Bitcoin miners
Executives span mining, venture, platforms, and banking. Mining voices include Matt Schultz and Margeaux Plaisted of CleanSpark, Jayson Browder of MARA, and Haris Basit of Bitdeer. They can address supply, hash-rate trends, and delivery risk for large orders.
Venture and asset managers will weigh execution and market depth. The list features Off the Chain Capital and Reserve One. Andrew McCormick of eToro US will provide platform context on onboarding and reporting.
Traditional finance adds compliance and settlement detail. David Fragale of Western Alliance Bank and Jay Bluestine of Blue Square Wealth will join. Their input covers banking rails, audit trails, and custody interfaces for the Strategic Bitcoin Reserve.
After the GENIUS Act, attention shifts to the BITCOIN Act
Congress recently advanced stablecoin work around the GENIUS Act in July. The docket now turns to the BITCOIN Act. Staff will compare timelines across banking, finance, and appropriations committees.
The US lawmakers will seek a mark-up window after they align on budget-neutral language. They will also identify agencies for coordination, including the Federal Reserve and the Treasury. The goal is to map steps from draft to floor time.
Organizers will circulate a summary after the roundtable. It will list open questions, including custody design and audit cadence. That document will anchor the next engagement on the Strategic Bitcoin Reserve.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: August 4, 2025 • 🔄 Last updated: August 4, 2025
