Trump and Bitcoin, it's a mixture of noise and strategy. On the one hand, he hammered his ambition to place the United States at the top of the Web3 revolution. On the other hand, it sometimes brakes, as when it excludes to draw on federal cash to inflate the country's digital portfolio. And, regularly, he lifts the ears to crypto experts who flock to Washington to expose their plans. The meeting around Bitcoin Act illustrates this ambivalence.
In short
- Eighteen Crypto leaders have met American legislators to promote the Bitcoin Act project.
- The plan aims at the accumulation of a million bitcoins over five years without taxation.
- Michael Saylor and Charles Hoskinson symbolically affirmed their direct support to Washington.
- Several financing tracks include »surplus customs and bitcoins seized judicially.
Washington warms up: Bitcoin Act at the heart of political debates
While France is already talking about blocking certain Crypto companies to land as a regulation model, the atmosphere is quite different on the other side of the Atlantic. Tuesday, 18 crypto leaders met in Washington to Defend Bitcoin Act. This text, carried by senator Cynthia Lummis and the representative Nick Begich, proposes that the United States accumulating a million bitcoins in five years. Objective: build a digital strategic reserve, like Fort Knox for gold.
Reunion, organized by The Digital Chamber and the Digital Power Network, brought together various profiles: Michael Saylor (Microstrategy), Tom Lee (Fundstrat and Bitmine), Fred Thiel (Mara), but also actors of traditional finance. Michael Saylor's tweet summed up the atmosphere: ” When you are invited to discuss digital assets in the White House, wear your orange tie ».
For the moment, the project has only seduced the Republicans. Without democratic support, Bitcoin Act is struggling to advance in the bank commissions of the Congress.
Bitcoin, digital gold that America dreams of accumulating
The ambition of this project exceeds a simple political signal. The text wants to make bitcoin a national strategic active, treated as gold.
This perspective enthuses the defenders of the crypto. They already imagine a scenario where business cash flows would follow the example of the federal state, strengthening the legitimacy of Bitcoin as “digital gold”.
Charles Hoskinson (Cardano) confirmed his presence at the table Round by publishing a brief message on X announcing his arrival in Washington. But some warn: a state accumulating such quantities could disrupt the decentralized nature of Bitcoin.
The budget puzzle: one million BTC without additional tax
The heart of the debate lies in funding. Bitcoin Act requires that the purchase of a million BTC be carried out via so-called “budget-Neutral” strategies. No question of increasing taxes or weighing down public debt. Several tracks are on the table.
The figures behind the project
- 1 million BTC to acquire in five years;
- 0 Dollar of additional tax: “Budget-Neutral” strategy;
- 18 Crypto leaders present at the Washington Roundtable;
- 2 key commissions to convince: House Financial Services and Senate Banking.
Among the solutions envisaged: reassessment of golden gold certificates, redirection of customs surplus, integration of bitcoins seized in criminal affairs.
Vugar Usi, manager at Bitget, nuance:
A bitcoin reserve in the United States would strengthen institutional trust, would improve regulatory clarity and consolidate the perception of Bitcoin as a legitimate strategic asset.
The United States has the capacity to buy as much bitcoins as they want. But political will remains decisive. Recently, Scott Bessent has cooled the ardor of the bitcoiners by declaring that the government will not buy BTC, ending, at least for the moment, to the dreams of a digital federal reserve backed by Bitcoin.
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