ChainCatcher news, according to SoSovalue statistics, as of now, twenty state-level administrative regions in the United States are initiating relevant legislative procedures. Among them, fifteen states have had their bills formally received by the House and have entered the committee review stage, forming operational legal drafts. The Bitcoin Strategic Reserve Bill is creating a regional legislative wave in the U.S.Taking Utah as an example, Bill HB0230 will allow the state's four public funds (namely, the State Disaster Recovery Restricted Account, the General Fund Budget Reserve Account, the Income Tax Fund Budget Reserve Account, and the Medicaid Growth Reduction and Budget Stabilization Account) to invest up to 5% of their total assets in Bitcoin. According to the 2024 Utah financial report data, this means a potential purchasing power of over $70 million.SoSovalue analysts state that the Strategic Bitcoin Reserve Bill is not only a new breakthrough for Bitcoin in the traditional financial system but also a historic advancement. As more state governments explore similar strategies, the trend of public funds holding Bitcoin may reshape the global market's definition of Bitcoin as an asset, defining Bitcoin not just as digital gold, but as part of national and institutional asset allocation, further solidifying its position in the global financial system.

ChainCatcher news, according to Okex Cloud Chain news, currently 21 states in the United States have proposed legislation related to the Strategic Bitcoin Reserve (SBR).Among them, Utah is making the fastest progress, with its Bitcoin reserve bill having passed the review of the state House Economic Development Committee on January 28 and is currently awaiting Senate review. If approved, the bill could take effect as early as May 7 of this year. In addition, Oklahoma and Arizona are also closely following, with legislative processes similar to that of Utah.

ChainCatcher news, Federal Reserve Governor Waller was asked on Thursday during a speech whether it is possible to establish a Bitcoin strategic reserve, to which he responded: "The Federal Reserve will not operate such a project."

ChainCatcher news, according to Bloomberg, World Liberty Financial co-founder Chase Herro stated that the platform plans to establish a "strategic reserve" by purchasing tokens. Herro did not specify what the goal of World Liberty's token reserve is.World Liberty Financial co-founders Zak Folkman, Zach Witkoff, and Chase Herro attended the inaugural summit hosted by Ondo Finance in New York, introduced by Donald Trump Jr. Steve Witkoff, who previously helped the Trump family connect with the founders of World Liberty Financial, has now been appointed as Trump's special envoy to the Middle East.

ChainCatcher news, Hong Kong Legislative Council member Wu Jietzhuang stated on social media that American AI and cryptocurrency "czar" David Sacks will hold a press conference with Republican representatives on February 4 to announce the establishment of a bipartisan working group to formulate cryptocurrency regulatory legislation.Wu Jietzhuang pointed out that although Hong Kong has established a three-tier regulatory framework similar to that of the United States, including a dedicated task force for the development of the third generation of the Internet, the Legislative Council's Web3 and Virtual Assets Development Subcommittee, and the Monetary Authority's stablecoin regulatory sandbox, there is still a need to accelerate the pace of development.He proposed five major suggestions: first, to expedite the research on the feasibility of Bitcoin as a strategic reserve for the region; second, to expand the permissions of stablecoin companies approved within the sandbox to accelerate practical applications; third, to seek national support for establishing stablecoin application pilot projects in the Greater Bay Area; fourth, to relax the trading varieties of licensed virtual asset trading platforms; fifth, to establish a digital asset office specifically to promote the development of AI and virtual assets. Wu Jietzhuang revealed that he has been invited to participate in the Bitcoin USA Summit held in Las Vegas in May, which will promote cooperation between the cryptocurrency industries of China and the United States.

ChainCatcher news, according to Cointelegraph, Coinbase CEO Brian Armstrong stated at the Davos World Economic Forum that the confirmation of TRUMP's "explosive" performance will not hinder Bitcoin's strategic reserve, and he does not believe it undermines any aspect of Bitcoin's strategic reserve. The efforts made by the crypto sector are still valid. U.S. Senator Cynthia Lummis is also advocating for this idea to become a reality.

ChainCatcher news, according to Tree News, Trump completed the signing ceremony for the second executive order in the White House office, without mentioning Bitcoin or strategic reserves.

ChainCatcher news, according to Tree News, Trump completed the signing of executive orders on the first day, without mentioning Bitcoin or strategic reserves.

ChainCatcher news, according to the New York Post, Trump is "open to" the idea of establishing a strategic reserve that includes digital currencies created in the United States.The article states: "While many in the cryptocurrency community are cheering for Trump's upcoming executive order supporting cryptocurrencies, one of the proposals has sparked more controversy: the establishment of a 'America First' strategic reserve that would prioritize digital currencies created in the U.S., such as Solana, USD Coin, and Ripple.In recent weeks, Trump has met with the founders of these digital currencies, and sources say he is open to the proposal. Industry insiders, who wished to remain anonymous, expressed concerns that this move could undermine efforts to promote Bitcoin."

ChainCatcher news, Satoshi Action Fund (SAF) co-founder and CEO Dennis Porter posted on the X platform that New Hampshire state representative Keith Ammon has submitted a bill proposing the establishment of a "strategic reserve," allowing the state treasury to invest in precious metals (such as gold, silver, platinum) as well as digital assets (including Bitcoin).The bill will introduce new provisions to clarify the definitions of "qualified custodians" and "secure custody solutions" to ensure the safe custody of digital assets and operate through regulated approved trading products.

According to ChainCatcher news, the official website of the Gleyph Mindfulness City (GMC) in Bhutan has announced that Bhutan's Gleyph Mindfulness City (GMC) will include BTC, ETH, and BNB in its city strategic reserve assets, becoming one of the first special administrative regions in the world to incorporate digital assets into its strategic reserves.According to the information on the official website, BNB was included in the reserve asset list due to its high market value, ample liquidity, and operation on a mature and secure blockchain. One of GMC's future economic focuses is to promote and support the application of blockchain technology. This move not only strengthens GMC's economic resilience but also demonstrates its commitment to advancing blockchain technology. In March 2025, GMC will hold a high-level meeting to discuss digital asset strategic reserves and establish an international advisory committee.

ChainCatcher news, according to Fidelity Digital Assets in its latest research report, it is expected that by 2025, more countries will incorporate Bitcoin into their national strategic reserves, which will drive significant growth in the cryptocurrency market.Fidelity Digital Assets research analyst Matt Hogan stated in a report titled "2025 Outlook" released on January 7: "We expect that more countries, central banks, sovereign wealth funds, and government finance departments will seek to establish strategic positions in Bitcoin." He added that these countries may look at the strategies adopted by Bhutan and El Salvador, "as well as the substantial returns they have gained from these positions in a relatively short period."Hogan indicated that not incorporating Bitcoin into strategic reserves may be riskier than including it, given challenges such as hyperinflation, currency devaluation, and worsening fiscal deficits. He also mentioned that if the U.S. continues to advance its Bitcoin strategic reserve plan, "other countries may begin to secretly accumulate Bitcoin," he said. "No country would have the motivation to publicly announce these plans, as doing so could attract more buyers and drive up prices."

ChainCatcher message, the prediction market Polymarket data shows that the probability of Trump establishing a Bitcoin strategic reserve within 100 days of taking office is 32%. The current market trading volume is reported at $1,831,660, with a deadline of April 29, 2025.

ChainCatcher news, according to The Block, Anchorage Digital CEO and co-founder Nathan McCauley stated: "The next U.S. government and Congress are committed to bringing greater regulatory transparency to the crypto ecosystem.By 2025, the industry will focus on several key areas, including: SAB 121, stablecoins, greater regulatory openness to digital asset innovation, and developments surrounding the U.S. Bitcoin strategic reserve."

ChainCatcher news, gold advocate Peter Schiff stated on social media that a significant amount of money could be saved by creating USA Coin instead of establishing a Bitcoin strategic reserve. Like Bitcoin, the supply cap can reach 21 million, but USAcoin can only be used for payments after the blockchain upgrade.

ChainCatcher news, CryptoQuant founder Ki Young Ju stated that the United States may strategically accumulate Bitcoin (BTC) to address part of its debt issues.Young Ju believes that establishing a Strategic Bitcoin Reserve (SBR) to offset part of the U.S. debt is feasible. Considering that U.S. debt includes both domestic and foreign holdings, Young Ju suggested that the U.S. could acquire approximately 1 million Bitcoins. This amount of strategic accumulation should span from now until 2050.He explained that this money could be used to offset 36% of its domestic debt. This means that 70% of U.S. debt could be paid off.

ChainCatcher news, the Bitcoin office of El Salvador announced on the X platform that it has transferred BTC worth 1 million dollars into El Salvador's strategic Bitcoin reserve.Previous news, at 8:07 AM Beijing time this morning, the El Salvador wallet address purchased 11 bitcoins worth 1.07 million dollars.