Cryptocurrency executives have recently engaged with U.S. lawmakers to discuss potential legislation regarding a strategic Bitcoin reserve and broader market structure for digital assets. These discussions signal a growing effort to establish a comprehensive regulatory framework for the crypto industry.

On Tuesday, key figures in the cryptocurrency industry met with members of the U.S. Congress to discuss the establishment of a strategic Bitcoin reserve and market structure. The roundtable included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno, and Strategy co-founder Michael Saylor, among others, to discuss the BITCOIN Act, which proposes a strategic Bitcoin reserve. The Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council, hosted the discussion. Hailey Miller, director of government affairs and public policy at Digital Power Network, stated that attendees agreed on the necessity of a Strategic Bitcoin Reserve law to secure Bitcoin's longevity in America's financial future. Many attendees are considering incorporating the Strategic Bitcoin Reserve into broader policy frameworks.

In a separate meeting on Tuesday, several Republican lawmakers, including House Speaker Mike Johnson, House Financial Services Committee Chair French Hill, and Majority Whip Tom Emmer, met with executives from crypto companies like Coinbase CEO Brian Armstrong, to discuss market structure legislation. The House of Representatives passed the discussed legislation in July.

On Wednesday, another roundtable discussion was held with Republican leaders on the Senate Banking Committee, including Wyoming Senator Cynthia Lummis, to consider advancing a market structure bill. Republican senators mentioned that their version, tentatively named the Responsible Financial Innovation Act, was based on the CLARITY Act, which the House passed in July, and is expected to have a committee vote by the end of September.

Senator Lummis and Representative Begich hosted a roundtable focusing on the proposed Bitcoin Strategic Reserve Act, with participants including Michael Saylor, founder of Strategy, and Fred Thiel, CEO of Mara Holdings, to discuss Bitcoin's potential role in U.S. monetary policy.

The Strategic Bitcoin Reserve proposal is outlined in an executive order from the White House, which aims to formalize the U.S. government's holdings of Bitcoin for strategic use. The order mandates the creation of a dedicated reserve managed by the Treasury Department, which will not sell or dispose of the BTC but will instead use it as a reserve asset. Additionally, the United States Digital Asset Stockpile will manage other digital assets seized through legal proceedings.

The House has passed a market structure bill designed to bring regulatory clarity to the cryptocurrency industry. The legislation includes three separate bills that aim to regulate stablecoins, define the regulatory boundaries between the SEC and CFTC, and prohibit the Federal Reserve from issuing a central bank digital currency (CBDC). The stablecoin bill mandates that issuers maintain reserves and comply with anti-money laundering laws. The broader market structure bill seeks to classify digital assets into categories such as digital commodities and investment contract assets.

The Senate Banking Committee is scheduled to meet with cryptocurrency executives to discuss regulatory issues that could shape the future of the digital asset industry. The meeting comes as lawmakers consider new proposals to provide clarity around how cryptocurrencies are classified, traded, and supervised. Industry representatives have spent the past week reviewing draft legislation circulated by the Banking Committee, with both Republican and Democratic senators signaling a desire to reach consensus on rules that balance innovation with investor protection. The meeting aims to advance that conversation and give lawmakers direct feedback from industry leaders about the challenges of operating in an uncertain regulatory environment.

One of the central topics expected to dominate the agenda is the distinction between securities and commodities in the crypto space. The lack of clarity has led to multiple high-profile enforcement actions by the Securities and Exchange Commission, creating uncertainty for developers, exchanges, and investors. Industry executives are expected to press lawmakers to define which digital assets fall under SEC jurisdiction and which should be overseen by the Commodity Futures Trading Commission. Another key focus will be the regulatory treatment of decentralized finance (DeFi) platforms, which facilitate peer-to-peer trading and lending without intermediaries. Thursday's discussion is likely to explore how to implement safeguards without stifling growth in this fast-moving sector.