US lawmakers join Strategy co-founder and other crypto company executives to advance the Strategic Bitcoin Reserve Bill

According to ChainCatcher, as reported by The Block, cryptocurrency advocates including Strategy co-founder Michael Saylor and Marathon Digital Holdings CEO Fred Thiel gathered in Washington, D.C. on Tuesday local time to promote legislation that could enable the United States to acquire millions of Bitcoin.

On Tuesday morning, more than a dozen cryptocurrency supporters will attend a roundtable hosted by Republican Senator Cynthia Lummis and Representative Nick Begich, the co-sponsors of the bill to establish a U.S. "Strategic Bitcoin Reserve." Hailey Miller of DPN, an affiliate of the Chamber of Digital Commerce, said that cryptocurrency advocates hope the Strategic Bitcoin Reserve will continue to be a priority in Washington. She noted that there has been significant progress in the digital asset sector, with the fall agenda yet to be advanced, and the current goal is to ensure that the "Bitcoin Bill" and the Strategic Bitcoin Reserve remain priorities. At present, the bill has been submitted to two committees, but no hearings have been scheduled. Miller expects the meeting to discuss next steps for the bill and efforts to gain bipartisan support. DPN will also share briefing documents, describing this as "an opportunity for bipartisan cooperation."