A meeting between US lawmakers and crypto industry leaders is set for Tuesday, focusing on Bitcoin reserves and the Bitcoin Act supported by the US government.
Goals of the Meeting between Lawmakers and Crypto Executives
At the meeting with 18 crypto executives, including Strategy chairman Michael Saylor and Fundstrat CEO Tom Lee, discussions will focus on how Congress can move forward with President Trump's Strategic Bitcoin Reserve. The objective is to support the Bitcoin Act introduced by Senator Cynthia Lummis in March, which aims to acquire one million Bitcoin over five years.
Discussing Funding for Bitcoin Reserves
Funding for the reserves is to be through the Federal Reserve and Department of the Treasury with budget-neutral strategies as stated in Trump's executive order. Crypto experts will explore ways to fund Bitcoin purchases without negatively impacting taxpayers. The focus will be on building a coalition to advance the Bitcoin Act.
Participants in the Meeting and Their Roles
Also attending are executives from Bitcoin mining companies, including CleanSpark's Matt Schultz and Margeaux Plaisted, along with representatives from venture capital and traditional finance, enabling a broad discussion among industry veterans to further the initiatives being discussed.
The gathering of lawmakers with the crypto industry is a significant step towards discussing and advancing legislative proposals that may greatly impact the future of cryptocurrencies in the US.
