A group of Republican lawmakers in Washington is pushing to create a U.S. Bitcoin Strategic Reserve, a groundbreaking proposal that would see the federal government accumulate up to one million bitcoins over the next five years as a strategic financial asset. The effort, framed as a "digital Fort Knox," represents the most ambitious attempt yet to embed cryptocurrency into America's national reserves.
According to Investor's Business Daily (IBD), the proposal was the centerpiece of a closed-door roundtable held in Washington, D.C., on September 16, convened by Senator Cynthia Lummis (R-WY) and Representative Nick Begich (R-AK). The event brought together lawmakers, policy staff, and major industry figures including Michael Saylor, executive chairman of MicroStrategy (recently rebranded as StrategyMSTR), and Fred Thiel, CEO of mining firm Marathon Digital Holdings. The participants discussed draft language for what they are calling the Bitcoin Strategic Reserve Act, which would instruct the U.S. Treasury to gradually purchase and hold Bitcoin as a reserve asset similar to gold.
