Analysis: Key Progress and Challenges in the U.S. Bitcoin Reserve Bill
Author | Alex Xu In this issue, we will focus on the progress of the U.S. Bitcoin Reserve Bill. The Bitcoin Reserve Bill is currently advancing on two fronts: the state-level Bitcoin Reserve Bills and the federal-level Bitcoin Reserve Bill. Approximately 25 state governments have already introduced Bitcoin Reserve Bills, which accounts for half of all states, while the federal-level reserve bill has been in preparation since last year and is currently in the hearing phase. The Bitcoin Reserve Bill, which would include BTC in the asset reserves of major governments, is a key narrative supporting the long-term bullish outlook on BTC. It would not only attract U.S. government funds but also influence reserve decisions in other countries. For example, the Czech National Bank Governor has considered adding BTC to national reserves. Last year, Japan’s Prime Minister Shigeru Ishiba responded to Senator Akira Hamada, who proposed evaluating Bitcoin for national reserves, stating that Japan is ...