ChainCatcher news, according to Kitco, macroeconomic expert and host of the Bitcoin podcast "Mark Moss Show," Mark Moss, stated that Trump positioning himself as the "Bitcoin President" could drive the U.S. to adopt a strategic Bitcoin reserve, which would trigger a "game" leading to other countries' "sovereign-level FOMO (fear of missing out)."Mark Moss mentioned that Senator Cynthia Lummis from Wyoming has proposed a bill to establish a strategic Bitcoin reserve, planning to add 200,000 Bitcoins annually until the total holdings reach 1 million. Under Trump's leadership, this plan is "very likely" to become a reality, "If the U.S. does this, G7 and G20 countries will be affected... Other countries have already started paying attention to this matter and begun purchasing Bitcoin, which has provided significant upward momentum for Bitcoin's price."

According to ChainCatcher news, Ledn co-founder Mauricio di Bartolomeo stated that the possibility of the United States establishing a strategic Bitcoin reserve has increased after a strategic Bitcoin reserve bill was proposed in one state.Last week, shortly after the introduction of the "Pennsylvania Bitcoin Strategic Reserve Bill," the price of Bitcoin saw an increase. The bill aims to allow the state to invest 10% of certain funds, including general funds, rainy day funds, and state investment funds, in Bitcoin. According to the state's 2023 Department of Treasury annual investment report, these funds manage approximately $51 billion in assets, so a 10% allocation would represent about $5.1 billion in Bitcoin investment.Previously, U.S. Senator Cynthia Lummis proposed the "Bitcoin Bill," which suggests the creation of a Bitcoin strategic reserve in the U.S., requiring the purchase of up to 200,000 Bitcoins annually over five years. If these bills are passed into law, there could initially be $23.3 billion worth of Bitcoin acquired on the open market. Approval of either of the aforementioned bills would have a significant impact on other sovereign portfolios, sparking discussions among the world's largest asset management companies regarding Bitcoin allocation. In the coming months, the U.S. strategic reserve may be at the center of most Bitcoin-related topics.

ChainCatcher news, WisdomTree recently released a report indicating that in January 2024, the approval of a spot Bitcoin ETF could drive Bitcoin prices to soar to $70,000, but regulatory resistance and profit-taking could lead Bitcoin to remain in a consolidation phase for most of the year.Recently, Trump's election victory has propelled Bitcoin to new highs, even breaking through $90,000, indicating that under the new government's leadership, the momentum for pro-cryptocurrency policies may strengthen. Additionally, the proposed Bitcoin bill aimed at establishing a strategic Bitcoin reserve in the U.S. could change market dynamics and regulatory landscapes, although debates surrounding its scale and fiscal impact still persist.The report concludes that we do not know whether the Bitcoin bill (or a bill fundamentally similar to it) will become policy. However, it is beneficial to consider potential policies from this perspective rather than overly focusing on the changes that may occur with different government personnel.On July 27, 2024, elected President Trump took the stage at the Bitcoin 2024 conference held in Nashville, Tennessee, which in itself indicates a stance. We are now waiting for some signals to show how this campaign will translate into government policies that support the Bitcoin community.

ChainCatcher news, Microstrategy Executive Chairman Michael Saylor expressed support for the proposal of a U.S. strategic Bitcoin reserve put forward by Senator Cynthia Lummis, which is crucial for strengthening America's economic leadership.Saylor elaborated, "I think it's a good idea. I think it will happen. I think it's important for the U.S.... According to my current model, Senator Lummis's bill would offset our $16 trillion debt. So, I think it's economically wise. It's technically wise as well."

ChainCatcher news, Satoshi Action Fund co-founder Dennis Porter stated on the X platform that the "Strategic Bitcoin Reserve" bill in Pennsylvania has officially been published on the Pennsylvania state website (HB2664).Previous news, the Pennsylvania House of Representatives submitted a legislative proposal allowing the state to include Bitcoin (BTC) as a reserve asset on its balance sheet.

ChainCatcher news, according to The Block, JPMorgan analysts outlined six key regulatory and market changes for the cryptocurrency industry under the Trump administration that could reshape the landscape of cryptocurrency in the U.S. under the leadership of Trump and the Republican-led Congress.JPMorgan analysts indicated that several stalled cryptocurrency bills may quickly gain approval. These bills include the "Financial Innovation and Technology for the 21st Century Act" (FIT21), which could provide much-needed regulatory clarity for the crypto industry by clearly defining the regulatory responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).They also stated that as the regulatory framework becomes clearer, the SEC's strategy of increasing enforcement may evolve into a more collaborative approach. High-profile lawsuits against companies like Coinbase may be eased, settled, or even dismissed. Regulatory notices sent to companies like Robinhood and Uniswap could be reconsidered, thereby reducing the litigation risk for the broader crypto industry. The SEC's "Staff Accounting Bulletin No. 121" (SAB 121), which restricts banks from holding digital assets, may be repealed.Additionally, JPMorgan analysts noted that the SEC may seek to resolve lawsuits concerning unregistered securities and require the launch of futures-based ETFs for these assets before approving spot ETFs. These factors could delay the approval of new ETFs or require re-filing. Clearer regulations may increase venture capital, mergers and acquisitions, and initial public offerings in the cryptocurrency space. Although strategic Bitcoin reserves would significantly enhance Bitcoin's legitimacy and could potentially drive up its price, the likelihood of this passing is low.

ChainCatcher news, last night, CCTV-2 (China Central Television Finance Channel) Economic Information Broadcast reported that "Bitcoin price soared to a historic high, reaching 75,000 USD at one point, with an increase of over 8%."The report stated that Trump had previously promised to make the United States the world capital of Bitcoin and cryptocurrency, and to establish a strategic Bitcoin reserve.

ChainCatcher news, Trump stated at the Bitcoin conference that if elected, he will establish a national strategic Bitcoin reserve, which will prevent the U.S. government from selling seized Bitcoins.