ChainCatcher news, Satoshi Action Fund (SAF) co-founder and CEO Dennis Porter posted on social media, stating that he met with U.S. lawmakers to discuss a proposal to establish a "strategic Bitcoin reserve," and mentioned that "now is the time."

ChainCatcher news, according to Cointelegraph, U.S. House Financial Services Committee Democratic leader and California Congresswoman Maxine Waters responded to the concerns of many cryptocurrency users and lawmakers who accused Trump of launching a meme coin that undermines legitimate projects in the cryptocurrency industry.In a statement on January 20, Waters stated that Official Trump (TRUMP) represents "the worst side of crypto" and provides a case for regulators and policymakers to worry about the future of the cryptocurrency industry under the new presidential administration. She noted that after insiders of TRUMP sold off the tokens, investors would "pay the price," which has been accused of being a "rug pull."She also stated, "Even if buyers are deceived, the terms and conditions of the token prohibit them from filing a class-action lawsuit." She added, "The lack of transparency for buyers of this cryptocurrency is concerning. Through his meme coin, Trump has created a way to circumvent national security and anti-corruption laws, allowing parties to anonymously transfer funds to him and his inner circle."

ChainCatcher news, according to Bitcoin Magazine, U.S. Representative Jordan Teuscher from Utah has proposed strategic Bitcoin reserve legislation.

ChainCatcher news, according to market news, the documents sent by Republican lawmakers did not list cryptocurrency as an immediate priority.

ChainCatcher news, according to Bitcoin News, Italian MP Marcello Coppo stated that if the United States establishes a Bitcoin strategic reserve, it is not far-fetched for other countries to follow suit.However, he believes that Italy does not have the conditions to establish such reserves in the coming months.

ChainCatcher news, an Italian parliament member Marcello Coppo recently stated in an interview that bank foundations should get involved in Bitcoin and allocate a small portion of their income to this digital asset in order to potentially achieve significant investment returns. A bank foundation is an organization established in the form of a bank that uses its funds to support social, cultural, and charitable activities.Coppo believes that investment in Bitcoin by bank foundations could win public support, as Bitcoin has long been an object of "excessive distrust" in Italy. However, he anticipates that Italy will not establish a strategic Bitcoin reserve anytime soon.

ChainCatcher news, according to Bloomberg, senior member of the U.S. Senate Banking Committee, Senator Elizabeth Warren, questioned the relationship between Trump’s nominee for Secretary of Commerce, Howard Lutnick, and Tether, citing potential conflicts of interest. She criticized Tether's connections to sanctioned entities and emphasized broader concerns.Howard Lutnick will not directly oversee cryptocurrency regulation, but the department has released reports on industry regulation. Additionally, there are views that Lutnick's close relationship with Trump could have an impact, as his company's client Tether is facing intense scrutiny from U.S. regulators and investigators. Warren stated, "I am deeply concerned about Lutnick's past work with a company that was investigated for its connections to sanctioned entities, including Russian arms dealers and North Korean nuclear weapons programs. The Secretary of Commerce should fight for the interests of the United States, not for his own personal interests or those of former clients that undermine our national security."

ChainCatcher news, according to official sources, Massachusetts Senator Peter Durant has proposed a bill to establish a "strategic Bitcoin reserve" in the state. Notably, Massachusetts is the first deep blue state to propose legislation related to a "strategic Bitcoin reserve." At the same time, Massachusetts has become the eighth state to propose similar legislation.Currently, eight states in the U.S. have proposed legislation related to a "strategic Bitcoin reserve," namely: Oklahoma, New Hampshire, Wyoming, Texas, Pennsylvania, Ohio, and North Dakota.

ChainCatcher news, U.S. Congresswoman Cynthia Lummis posted on X, stating that Wyoming has taken a bold first step towards a strategic Bitcoin reserve. Representative Wasserburger introduced legislation to allow permanent funds to diversify investments in Bitcoin.

ChainCatcher news, as reported by Bitcoin Magazine, California Assembly member Phillip Chen has appointed the nonprofit organization Proof of Workforce to assist in drafting legislation supporting Bitcoin and to explore how Bitcoin can benefit the state.

ChainCatcher news, cryptocurrency-supporting Senator Cynthia Lummis stated that if the Federal Deposit Insurance Corporation (FDIC) destroys materials related to digital assets, it will face criminal consequences.In a letter sent to FDIC Chairman Martin Gruenberg on Thursday, the Wyoming Republican senator indicated that whistleblowers at the FDIC had reported to her allegations of these documents being destroyed, and claimed that these whistleblowers are "being closely monitored by management" to prevent them from reporting to the Senate, suggesting that legal action would be taken.Lummis stated in a declaration: "The FDIC is suspected of destroying and concealing materials related to Operation Chokepoint 2.0 with the intent to obstruct the oversight functions of the U.S. Senate, which is not only unacceptable but also illegal. If it is found that someone within the FDIC intentionally destroyed materials or attempted to impede the Senate's oversight functions, a criminal referral will be swiftly made to the U.S. Department of Justice."

ChainCatcher news, according to Jinshi reports, the U.S. political news website Politico revealed that U.S. Senator Cynthia Lummis is investigating the Bitcoin sales of the U.S. Marshals Service.

ChainCatcher News, U.S. Senator Charles Schwertner has introduced Senate Bill 778 (SB 778), which, if passed, would make Texas the first state in the U.S. to establish a strategic Bitcoin reserve.Schwertner emphasized that Texas should take the lead in adopting Bitcoin. This proposal could allow the state to collect taxes, fees, and donations in the form of Bitcoin. Texas is the second-largest economy in the U.S. and the region with the highest concentration of Bitcoin miners in the country.

ChainCatcher news, according to Bitcoin Magazine, Oklahoma State Representative Cody Maynard has proposed a bill to establish a Bitcoin strategic reserve in the state.

ChainCatcher news, U.S. Congressman Tom Emmer, who supports the cryptocurrency industry, stated: "I am honored to be selected as the Vice Chair of the Subcommittee on Digital Assets, Financial Technology, and Inclusion.With President Trump in the White House and Gary Gensler locked in the Washington dumpster, we have a tremendous opportunity to ensure that the future of digital assets is guided by Americans and aligned with American values. I look forward to working with Chairman French Hill, Chairman Bryan Steil, and other colleagues to create an environment where digital asset innovation can thrive."Previous news, U.S. House Financial Services Committee Chairman French Hill has appointed Tom Emmer as the Vice Chair of the Subcommittee on Digital Assets, Financial Technology, and Inclusion. He also nominated other Republican members to the committee.

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on X that U.S. House Financial Services Committee Chairman French Hill has appointed Tom Emmer as the vice chairman of the Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee. He also nominated other Republican members of the committee.

ChainCatcher news, Quiver Quantitative reveals that Pennsylvania's 14th District Republican representative Guy Reschenthaler has been hoarding a significant amount of cryptocurrency. According to the market tracking agency, this politician holds Bitcoin (BTC), XRP, and Solana (SOL), valued between $1,001 and $15,000.The platform found that Reschenthaler purchased the aforementioned digital assets between December 11 and 23 last year. Based on 2024 data, the closest estimate of his holdings is approximately $24,000.Quiver Quantitative states that his cryptocurrency transactions consist solely of "buys," indicating that he may be engaging in long-term passive investment. Meanwhile, his net worth is around $345,000.

ChainCatcher news, as reported by Bitcoin Magazine, U.S. Senator Ted Cruz recently stated that he invests in Bitcoin through Dollar-Cost Averaging and has been doing so for several years.He noted that during this period, the value of Bitcoin has approximately tripled.

ChainCatcher news, according to Bitcoin Magazine, Oklahoma State Senator Dusty Deevers has submitted the "Bitcoin Freedom Act" numbered SB325, which will allow employees in Oklahoma to choose to receive their wages in Bitcoin and allow vendors to accept Bitcoin payments.The SB325 bill ensures that participation is completely voluntary, respects free market principles, and grants employees, employers, and businesses the right to choose the payment method that suits them best. The SB325 bill is eligible for consideration in the 60th legislative session starting on February 3.

ChainCatcher news, according to Cointelegraph, U.S. Senator Cynthia Lummis met with SEC chair nominee Paul Atkins to discuss digital asset legislation and regulatory reform. She hinted at potential changes in the future and jokingly suggested making the SEC "leaner."