Washington isn’t buying Bitcoin just yet, but lawmakers are definitely peeking under the hood. A new draft bill from the U.S. House directs the Treasury to explore whether building a strategic Bitcoin reserve makes sense. The legislation asks the Treasury Secretary to prepare a full report within 90 days, outlining how such a reserve could work, the hurdles it might face, and who would be responsible for custody.
So no, America isn’t stockpiling sats tomorrow morning. For now, it’s all about feasibility studies and bureaucratic paperwork. Still, the conversation alone signals that Bitcoin has moved from “wild west” status to being taken seriously in U.S. financial planning.
Democrats warm up to crypto rules
Meanwhile, across the aisle, a dozen Democrats decided to surprise the crypto world by extending an olive branch to Republicans on the much-debated market structure bill. Senator Ruben Gallego led the group, stressing seven principles to guide the framework. The central idea? Clear up the regulatory gray zones that plague non-security digital assets.
As the group put it: “Digital asset technology has the potential to unlock new businesses and spur American innovation. But questions about digital assets’ place in the U.S. regulatory framework have hobbled both innovation and consumer protection.”
Translation: the $4 trillion crypto market is too big to keep floating in regulatory limbo, and both sides know it.
Republicans call it a “strong start”
Pro-crypto Senator Cynthia Lummis didn’t waste any time applauding the Democrats’ effort, saying: “Meaningful legislation takes intentional collaboration & discussion. This is a strong start, and I look forward to working together to secure America’s financial future.”
I want to thank my colleagues across the aisle for their constructive digital asset market structure framework.
Meaningful legislation takes intentional collaboration & discussion. This is a strong start, and I look forward to working together to secure America’s financial future https://t.co/QmK6mSvKCc— Senator Cynthia Lummis (@SenLummis) September 9, 2025
Her response reflects growing bipartisan interest in actually getting something across the finish line. That being said, nobody’s pretending this will be quick. Republicans expect to advance their bill out of committee by late September, but the real horse-trading with Democrats could push final negotiations deep into Q4 or even 2026.
The odds game on Capitol Hill
Markets, being markets, have already placed their bets. Current estimates suggest only a 30% chance of the bill passing by 2025, which says a lot about how cautious investors are. Yet optimism lingers. Adam Minehardt, Chainlink’s Head of Public Policy, summed it up nicely: “Great to see it and hope this continues as this legislation does not happen without 60 votes in the Senate and there are only 53 Republicans.”
In short, everyone knows the numbers game is tough. The crypto lobby is pushing, lawmakers are negotiating, and traders are watching closely for signs of real progress.
Looking ahead: from Bitcoin chatter to action
Whether it’s a national Bitcoin reserve or clearer crypto rules, the U.S. is inching away from endless talk and moving toward action. None of this means Bitcoin will suddenly sit next to gold in Treasury vaults, but the willingness to study it shows how far the conversation has evolved. If bipartisan efforts hold steady, the U.S. could finally craft the digital asset playbook it has been promising for years. Until then, the crypto industry stays in wait-and-see mode, coffee in hand, eyes glued to Capitol Hill.
