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US Bitcoin Reserve initiatives have accelerated in recent days as Senator Cynthia Lummis reintroduces legislation for a strategic national Bitcoin reserve, while Japanese company MetaPlanet continues to expand its Bitcoin holdings with new acquisitions. These developments right now highlight the growing institutional confidence in Bitcoin across financial sectors. Also Read: Bitcoin Plan: Scaramucci’s 2% Strategy Wasn’t Enough—Saylor Calls It Contradictory Lummis Bitcoin Bill and MetaPlanet’s BTC Acquisitions—What’s Next for the US Bitcoin Reserve? Source: NBC News Senator Lummis Revives Strategic Bitcoin Reserve Proposal Senator Lummis has spearheaded efforts by reintroducing her Bitcoin bill that catalyzes US Bitcoin Reserve plans to accumulate 1 million BTC over five years—approximately 5% of Bitcoin’s total supply. The Lummis Bitcoin bill includes various provisions for leveraging $6 billion annually from 2025 to 2029 from Federal Reserve transfers. Senator Lummis ...

Illinois has introduced a bill proposing a state-run Bitcoin reserve with a mandatory five-year holding period, joining a growing number of states exploring crypto treasury strategies. State Representative John Cabello proposed Illinois House Bill 1844 (HB1844) , which calls for establishing a strategic reserve fund to hold Bitcoin as a “special fund in the state treasury for the purpose of holding Bitcoin as a financial asset.” 🚨 NEW: Illinois Strategic Bitcoin Reserve Bill! HB1844 would create a Bitcoin Reserve, and require a minimum HODL period of 5 years for all BTC. pic.twitter.com/6rZP8f2oU1 — Julian Fahrer (@Julian__Fahrer) January 29, 2025 Once the five-year holding period concludes, the state treasury would be allowed to “transfer, sell, appropriate, or convert to another cryptocurrency any Bitcoin in the Fund,” the bill says. The bill was sent to the Rules Committee on January 29 to finalize the regulatory details and await lawmake...