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, according to Jinshi reports, the White House stated that TikTok should continue to be available to Americans, and the enforcement of the TikTok law must be carried out by the next administration.Earlier today, the U.S. Supreme Court upheld the "ban if not sold" law regarding TikTok.

ChainCatcher news, the Central Political and Legal Work Conference was held in Beijing from the 12th to the 13th. The conference made arrangements to promote comprehensive rule of law and strive to build a higher level of rule of law in China. The conference emphasized the importance of addressing new issues through scientific legislation. For key areas, emerging fields, and foreign-related sectors, the Ministry of Justice should proactively research and propose legislative suggestions. For instance, new issues such as autonomous driving, low-altitude economy, artificial intelligence, virtual currency, and data ownership should be studied to regulate platform behavior through legislation and strengthen the protection of the legitimate rights and interests of new employment groups.

ChainCatcher news, according to Cointelegraph, currently there are 8 states leading the push for Bitcoin strategic reserve bills.Including:FloridaAlabamaNew HampshirePennsylvaniaOhioNorth DakotaOklahomaTexas

ChainCatcher news, according to Cointelegraph, Kenyan Finance Minister John Mbadi stated that the government is working to establish a legal and regulatory framework for cryptocurrencies and has drafted a proposal for a "National Policy on Virtual Assets and Virtual Asset Service Providers." The draft aims to create a fair, competitive, and stable market for cryptocurrencies while addressing risks such as money laundering, terrorist financing, and consumer protection.The draft proposes to build a comprehensive legal and regulatory framework to manage virtual asset activities and their service providers (VASP), as well as to establish relevant standards and procedures. Its goal is to promote the healthy development of Kenya's virtual asset market.The proposal will be open for public feedback until January 24. If approved, Kenya will join countries like South Africa and Nigeria that have already implemented cryptocurrency regulations.

ChainCatcher news, the Financial Services Commission of South Korea has announced that it will promote the legalization of Security Token Offerings (STO) and fractional investment platforms as one of the core economic tasks for this year. STO converts assets such as real estate and artworks into digital tokens through blockchain technology, supporting small investors to participate in high-value asset investments. Financial authorities have begun revising the Capital Markets Act and the Electronic Securities Act, and are preparing the relevant infrastructure for this purpose.The industry expects that the legislation of STO will significantly boost the growth of South Korea's digital asset market, with the STO market size in South Korea projected to reach 119 trillion won by 2026 and increase to 367 trillion won by 2030, nearly quadrupling.

ChainCatcher news, according to a post by Dennis Porter, co-founder of the Satoshi Action Fund, on X, the 14th state in the United States is now ready to introduce "strategic Bitcoin reserve" legislation.

ChainCatcher news, according to Simply Bitcoin, Chilean legislators Gael Yeomans and Juan Santana are considering legislation on strategic Bitcoin reserves.

ChainCatcher news, Satoshi Action Fund (SAF) co-founder and CEO Dennis Porter posted on the X platform stating that at least 13 states in the U.S. are drafting legislation related to "strategic Bitcoin reserves." January is set to be a record-breaking month for Bitcoin policy.

ChainCatcher news, according to Watcher.Guru, the U.S. Congress is expected to prioritize cryptocurrency legislation in 2025.It is reported that after Donald Trump was elected president, he promised multiple times to support cryptocurrency. Key topics include the stablecoin bill and the FIT21 bill, which focus on regulatory frameworks and decentralization standards, respectively. Tax issues will be crucial, including adjustments to staking reward tax rules.

ChainCatcher news, South Korean lawmaker Choi Eun-sik has proposed an amendment to the "Foreign Exchange Transactions Act," aimed at preventing money laundering and other foreign exchange crimes related to virtual assets. The amendment proposes the establishment of a monitoring system for virtual asset transactions, the improvement of the institutional foundation for financial technology foreign exchange services, the enhancement of the convenience of foreign exchange transactions for individuals and businesses, and the strengthening of the intelligent construction of the foreign exchange monitoring system.He stated that the rapid development of virtual assets and financial technology in recent years has diversified cross-border transaction methods, but current laws have failed to cover these changes, leading to regulatory blind spots, particularly as money laundering involving virtual assets and illegal foreign exchange transactions have become increasingly serious.According to data from the Financial Intelligence Unit (FIU), the number of suspicious transaction reports from virtual asset merchants increased by 48.8% last year compared to the previous year. The Ministry of Finance plans to add definitions for virtual assets and virtual asset merchants next year and requires virtual asset merchants to register before conducting cross-border transactions and to regularly report users' transaction records to the Bank of Korea.The amendment is expected to be implemented in the second half of next year.

ChainCatcher news, according to Ledger Insights, the German parliament has passed the "Financial Market Digitalization Act."This act not only involves cryptocurrencies and MiCAR but also affects other EU laws, such as DORA and the Funds Transfer Regulation. Most of the European crypto assets market regulation (MiCAR) will come into effect by the end of the year, but German companies are unable to obtain MiCAR cryptocurrency licenses issued by BaFin due to legislative delays. Foreign companies can operate freely in Germany and the EU after obtaining licenses elsewhere. Each country must designate a regulatory authority to issue licenses to crypto asset service providers, with Germany designating BaFin, but the relevant legal draft had previously not been passed.

ChainCatcher news, on Wednesday, the German Parliament (Bundestag) finally passed the bill, the Financial Market Digitalization Act (Finanzmarktdigitalisierungsgesetz of FinmadiG). It was placed on the agenda in a short time to ensure that legislation is in place before MiCAR comes into full effect on December 30.FinmadiG not only concerns cryptocurrencies and MiCAR but also affects other EU laws, such as DORA and the Funds Transfer Regulation. However, for MiCAR, it introduces the Cryptocurrency Market Regulation Act (KMAG), which replaces Germany's old cryptocurrency rules with MiCAR.

ChainCatcher news, Satoshi Action Fund CEO Dennis Porter stated that the third U.S. state will officially launch "strategic Bitcoin reserve" legislation this week, but he did not disclose which state will follow the lead of Texas and Pennsylvania.Porter added that he expects at least 10 states to introduce Bitcoin reserve bills in total, "this will not stop. We will see more and more such bills introduced. In my view, there will be at least 10."

According to ChainCatcher news, as reported by CNBC, Coinbase Chief Policy Officer Hilsad stated that he believes cryptocurrency legislation will "move quite swiftly" through Congress after Trump takes office. Trump is well-known for his pro-cryptocurrency policy platform during his campaign. His remarks come as two key pieces of cryptocurrency-related legislation are advancing in Congress.One is the Republican-sponsored "21st Century Financial Innovation and Technology Act," which aims to establish a legal framework for digital assets. This bill was passed in the House earlier this year. The other is the "Stablecoin Transparency Act," which aims to establish a regulatory regime to license stablecoin issuers—stablecoins are tokens pegged to the value of fiat currencies like the dollar. The stablecoin bill has yet to be voted on in the House.

ChainCatcher News, Japan is considering new lightweight legislation for cryptocurrency intermediaries (non-cryptocurrency exchanges). Last week, the Financial Services Agency (FSA) presented its ideas to the Financial System Council's Payment Services Working Group.The FSA provided an example of a gaming application or self-hosted wallet that offers access to third-party applications for cryptocurrency trading services and then switches back to the original application. In many cases, the FSA may consider the application operator to be acting as an intermediary, thus requiring registration as a cryptocurrency exchange. However, if an organization purely acts as a introducer and never touches any funds, this is quite burdensome.Therefore, the government is considering some more relaxed proposals that require intermediaries to register as intermediaries. Intermediaries will be obligated to provide information to users. They will be subject to advertising restrictions and may also bear liability for damages if issues arise.The FSA is considering how to handle losses. Currently, regulations for other financial service intermediaries that do not belong to large groups require a margin to cover potential losses. If the intermediary is affiliated with a cryptocurrency exchange, the losses may be borne by the exchange.