Co -founder Strategy Michael Saylor, Fred Thiel and other supporters of cryptocurrencies will be on Tuesday in Washington to lobby for a law that, if adopted, may allow the United States to buy a million Bitcoins.
Michael Saylor presses on BTC politicians
A dozen or so supporters of cryptocurrencies from the business world will appear on Tuesday morning at the Capitol at a meeting, whose hosts will be Senator Cynthia Lummis and Congresmen Nick Begich, Republican co -authors of the Act aimed at creating a “strategic Bitcoin reserve” in the United States. It is a project to extend the current US reserve, which consists of only BTC, which were confiscated by criminals. Proponents of cryptocurrencies want the country to actively invest in Bitcoin.
In March, Senator Lummis again presented the bill Boosting Innovation, Technology, and Competitiveness Throughized Investment Nationwide Act. If the law is voted and signed by the president, a real -event Bitcoin reserve will be created in the USA: the US will actively add bitcoins to it.
The Lummis project contains registration regarding the purchase of a million Bitcoins within five years. The Act is therefore an extension of the decree of Donald Trump, which prohibits the sale of bitcoins and other digital assets taken over by criminal or civil proceedings.
Over the past few months, a lot has happened in the area of digital assets, and many more points are waiting for this autumn. That is why our priority is to ensure that the Bitcoin Act and Strategic Bitcoin reserves remain a priority
– said Hailey Miller, director of the relationship with the government and public policy at Digital Power Network (DPN), in an interview with The Block.
The work is ongoing
The bill is considered by the Commission for Financial Services of the House of Representatives and the Senate Banking Commission, which have not yet planned interrogations in this matter. Miller said that she expected that discussions at the Round Table will concern further steps on the Bitcoin Act, as well as ways of obtaining two -party support for a project, which currently enjoys the support of only Republicans.
Other Republican Congressmen and several directors of cryptocurrency companies will take part in the meeting at the round table.
Vugar USi ZADE, COO Bitget, described the importance of the debate for Bitcoin:
The debate at the Capitol organized by Senator Cynthia Lummis and Congressmen Nick Begich, with the participation of industry representatives such as Michael Saylor and Tom Lee, is a key step towards recognizing Bitcoin as a national value. Thanks to the proposed Bitcoin Act, healing support for the creation of Bitcoin’s strategic reserves is growing, with an ambitious goal of accumulation of up to a million BTC in five years, without burdening taxpayers. If the initiative goes forward, it strengthens the US position as a world leader in the area of cryptocurrencies and accelerates innovation in the digital asset sector.
Among the most pragmatic and neutral solutions for the budget, the confiscation of Bitcoins from criminals ensures immediate availability and zero acquisition costs. However, this approach is associated with legal complications and the need for careful management to avoid variability resulting from large -scale transfers. Alternative mechanisms, such as redirection of customs surplus or re -valuation of gold certificates, could ensure a constant influx of funds, although these strategies may encounter political resistance or are subject to economic fluctuations.
Implications are significant for the market. The Bitcoin reserve in the USA would strengthen the trust of the institution, increase regulatory transparency and strengthen the perception of Bitcoin as a strategic asset. Side effects could also be covered by other large capitalization cryptocurrencies, such as SOL, where the clearer US policy could stimulate the adoption of the ecosystem and attract new capital. In total, these changes could provide a strong growth impulse, permanently anchored digital assets in the global financial system.
