A potentially historic development is underway for the US cryptocurrency markets. The bill, introduced by Senator Cynthia Lummis and known as the "BITCOIN Act," proposes that the country acquire a total of 1 million Bitcoins over the next five years. These purchases, representing over $115 billion at current prices, are planned to be carried out in a budget-neutral manner without imposing an additional burden on taxpayers.
The critical meeting in Washington will be one of the most concrete steps in this major initiative. Members of the legislature will meet with 18 leading figures in the crypto industry. Participants include MicroStrategy founder Michael Saylor, Fundstrat CEO Tom Lee, Marathon Digital (MARA) CEO Fred Thiel, and CleanSpark executives. Andrew McCormick, the US manager of Bitdeer, Off the Chain Capital, Reserve One, Western Alliance Bank, and eToro, will also be in attendance.
The focus of the meeting is the creation of a Bitcoin reserve in a budget-neutral manner. Various financing methods are being considered for this purpose. Ideas such as revaluing Treasury gold certificates and using revenues from tariffs will be discussed. This will allow the US to build a strategic Bitcoin reserve while avoiding increasing its budget deficit.
Michael Saylor, one of the bill's strongest supporters, reiterated his long-held views. According to Saylor, Bitcoin is the world's most powerful store of value, and this US step will position Bitcoin as a strategic reserve asset like gold. President Donald Trump also announced his support for the bill through an executive order, emphasizing the use of "creative financing methods."
The BITCOIN Act is considered one of the boldest steps taken in US cryptocurrency policy to date. The GENIUS Act, passed in July, introduced regulations for stablecoins; now, it appears Bitcoin is next. If passed, the US will not only strengthen its financial security but also become the first major economy to elevate Bitcoin to the status of a national strategic reserve.
The bill has its critics
However, not everyone welcomes this initiative. JAN3 founder Samson Mow describes it as "ironic" that the US hasn't established a Bitcoin reserve to date. He argues that while many countries have followed the US's example in developing reserve plans, Washington has lagged far behind.
Despite all the criticism, interest in the bill is growing. If industry representatives can prove that the costs can be met without burdening the public, the US could mark a milestone in crypto history. The decisions the US Congress makes in the coming period will determine the direction not only of the country but also of global crypto markets. A US reserve of 1 million Bitcoin could fundamentally alter the supply-demand balance and lead to historic price fluctuations.
