US lawmakers are gathering today with 18 prominent figures from both the cryptocurrency and traditional finance sectors to discuss the Bitcoin Act and its potential implications. The roundtable, organized by the Digital Chambers and The Digital Power Network, aims to propel the BITCOIN Act forward, a legislative proposal introduced by Senator Cynthia Lummis earlier this year.
The BITCOIN Act outlines a plan for the US government to acquire one million Bitcoin over the course of five years through budget-neutral strategies. This ambitious goal has sparked interest and debate within the industry, prompting discussions on how to fund such significant purchases without imposing additional financial burdens on taxpayers.
Attendees at the roundtable include well-known figures such as Michael Saylor from Strategy, Tom Lee from BitMine, and Fred Thiel from MARA. In addition, key players from the Bitcoin mining sector, including Matt Schultz and Margeaux Plaisted from CleanSpark, are also in attendance. Representatives from prominent crypto-focused VC firms and financial institutions, such as Off the Chain Capital, Reserve One, and eToro, are participating as well.
On the traditional finance side, executives like David Fragale from Western Alliance Bank and Jay Bluestine from Blue Square Wealth are contributing their perspectives to the discussion. The diverse group of attendees reflects the wide-ranging interests and expertise present in the cryptocurrency and financial sectors.
During the roundtable, participants will explore various strategies for funding the proposed Bitcoin acquisitions, including the reevaluation of Treasury gold certificates and the utilization of tariff revenue. Additionally, they will address the legislative challenges and objections that have hindered the progress of the Bitcoin Act in recent months. By identifying and overcoming these obstacles, the goal is to build a coalition of support that can drive the bill forward.
Overall, the roundtable represents a unique opportunity for collaboration and innovation within the cryptocurrency and traditional finance industries. As the discussion unfolds, stakeholders from both sectors will have the chance to exchange ideas, address concerns, and work towards a shared vision for the future of Bitcoin and its role within the US government’s financial strategy.