Lawmakers are turning to crypto leaders as momentum builds behind a new Bitcoin reserve bill. Senator Cynthia Lummis and Representative Nick Begich are spearheading the proposal, which would encourage the U.S. Treasury to adopt Bitcoin as part of national reserves.
The move highlights how Washington is seeking expert guidance on Bitcoin integration. Michael Saylor, the outspoken MicroStrategy co-founder, has been tapped to advise legislators.
His role will focus on providing insight into Bitcoin’s long-term utility as a strategic asset. Other executives from leading blockchain firms will also join the effort.
Advocates argue that a Bitcoin reserve could strengthen financial stability and provide protection against inflation. Critics, however, question its volatility and potential systemic risks.
Still, policymakers appear determined to explore all angles before advancing the measure further.
Bitcoin Reserve Bill Roundtable: Who Will Join Lummis and Begich?
Senator Lummis and Representative Begich will host a high-level roundtable with prominent crypto figures. Michael Saylor leads the lineup with Fundstrat CEO Tom Lee, who is also chairman of BitMine, and MARA CEO Fred Thiel, according to crypto advocacy group The Digital Chambers.
They are joined by other crypto executives, and representatives from Fidelity Digital Assets. Several mining firms are also expected to participate, adding technical insights to the debate.
The bipartisan group aims to analyze how a Bitcoin reserve could reshape U.S. financial policy. The inclusion of diverse stakeholders signals a serious attempt to balance innovation with fiscal responsibility. Moreover, the discussion is expected to inform a draft version of the bill in the coming months.
Potential Effects on Crypto Casinos
The Bitcoin reserve bill could ripple into the crypto casino industry. If adopted, the measure might boost confidence in Bitcoin’s legitimacy. In turn, this may attract new users to crypto casinos, especially those offering Bitcoin as a payment option.
Additionally, increased trust could drive more players to real money online casinos, expanding liquidity and transaction volumes.
However, regulation could also tighten oversight on crypto casinos. Lawmakers may push stricter compliance standards to ensure transparency and consumer protection.
This dual effect, greater trust but heavier regulation, could redefine how crypto casinos operate in the United States.
For now, the bill remains under debate, but industry leaders are preparing for the potential transformation it could bring.