Interest around the proposed Strategic Bitcoin Reserve Act is accelerating as the idea of holding Bitcoin as a U.S. national asset gains traction on Capitol Hill.
What’s Known
- The Strategic Bitcoin Reserve concept was introduced earlier this year to formalize the U.S. government’s holdings of seized Bitcoin and potentially expand them into a dedicated reserve similar to gold or oil stockpiles.
- Senator Cynthia Lummis has put forward legislation calling for the government to purchase up to 1 million Bitcoin over five years to create a robust digital asset reserve.
- Michael Saylor, executive chairman of MicroStrategy, has been a vocal supporter of the plan, framing it as a once-in-a-generation chance for the U.S. to secure a strategic asset with long-term upside.
What’s Unclear
- While several crypto executives, including Saylor, are believed to be engaging with lawmakers, there is no firm confirmation that a specific meeting will occur tomorrow to advance the bill.
- The legislative timeline remains uncertain as debates continue over funding, regulatory oversight, and political support.
Why It Matters
If passed, the Strategic Bitcoin Reserve Act would mark a historic shift in U.S. financial policy, placing Bitcoin alongside traditional reserve assets and potentially influencing global markets and geopolitics.
