[U.S. Lawmakers and Crypto Executives Push Strategic Bitcoin Reserve Legislation]
Several crypto industry leaders, including Michael Saylor, held a roundtable meeting on Capitol Hill with U.S. lawmakers such as Cynthia Lummis to advocate for the 'Strategic Bitcoin Reserve' legislation. The proposal plans to acquire 1 million bitcoins over five years, establishing it as a strategic asset for the United States. The bill has been submitted to the relevant committee but has not yet been scheduled for a hearing. This marks a step forward for U.S. lawmakers, who are now focusing on broader crypto industry regulation following stablecoin oversight.