Updates: Jerry, ChainCatcher

The strategic Bitcoin reserve bill proposed by U.S. Senator Cynthia Lummis has now been published on the Congressional government website

The strategic Bitcoin reserve bill proposed by U.S. Senator Cynthia Lummis has now been published on the Congressional government website, according to the official page.

The bill, officially titled "The Digital Asset and Spatial Web Integration, Innovation, and Advanced Technology Act of 2025," was published on March 12. It was originally introduced by Lummis in January and is a revised version of the previous Lummis-Gillibrand Responsible Financial Innovation Act.

The bill proposes the creation of a new strategic Bitcoin reserve, similar to the existing strategic petroleum reserve. It would authorize the U.S. Treasury to purchase up to 500,000 BTC over a period of four years, with an aim to diversify government assets and serve as a hedge against inflation.

The bill also includes provisions for regulating the digital asset industry, promoting Web3 technologies, and fostering innovation in quantum computing and artificial intelligence.

Lummis has been a vocal advocate for Bitcoin and cryptocurrency, and she has consistently pushed for legislation to regulate the industry. She believes that the U.S. needs to take a leadership role in the development of digital assets and spatial Web technologies in order to maintain its economic competitiveness.

The strategic Bitcoin reserve bill is still in the early stages of consideration by Congress. It remains to be seen whether the bill will gain enough support to be passed into law.

However, the publication of the bill on the Congressional website is a significant milestone. It signals that the bill is being actively considered by lawmakers and that it could be scheduled for discussion and vote in the coming months.

The mention of blockchain terms in U.S. SEC filings reached a historic high in February, exceeding 5,000 keyword mentions.

The term "blockchain" was mentioned a record 5,147 times in February 2025 alone within the U.S. Securities and Exchange Commission’s (SEC) EDGAR database, where companies submit their filings. This continues the strong upward trend observed since mid-2023.

In January, the total mention of blockchain terms reached 4,000, signaling a substantial shift in the SEC’s approach to cryptocurrency regulation under acting chairman Mark Uyeda. Since the new government transition in January, the SEC has closed several high-profile investigations into major crypto companies. These include Uniswap, Coinbase, Yuga Labs, Kraken, and Gemini.

This marks a departure from the “enforcement-based regulation” strategy employed by former chairman Gary Gensler, who focused heavily on litigation and penalties.

The shift to a more proactive stance by the SEC in engaging with the crypto industry is crucial. As the bear market persists and crypto companies face increasing difficulties, the SEC appears to be taking a more pragmatic approach to facilitating the industry’s recovery.

This aligns with the statement made by SEC commissioner Hester Peirce in March, highlighting the importance of providing more guidance to companies to ensure they can comply with regulations.

In addition to the surge in blockchain mentions, there was also a significant spike in keywords related to cryptocurrencies, such as Bitcoin, Ethereum, and stablecoins. This further indicates the heightened focus on digital assets among public companies.

RootData released an overview of Q1 2025 Web3 project financing data, covering the period from January 1 to March 13, 2025. Key points include:

1) CeFi sector financing reached $2.6 billion in Q1, with a large token offering from Magic Cube and several Series C and D financings.

2) The Web3 project financing market recovered quickly after a slow start to the year.

3) Among the 35 disclosed projects, 20 were in the CeFi sector, including centralized exchanges, lending protocols, and institutions. The largest disclosed financing was $1 billion from Magic Cube, a large-scale token offering.

4) Among the 15 disclosed projects in the DeFi sector, the largest financing was $350 million from Balancer in a Series C round.

5) Several projects achieved advanced financing stages, with three Series D financings and two Series C financings disclosed in Q1.

6. Among the disclosed projects, seven were funded by a single investor.

Eleanor Terrett announced that after working at Fox Business for 9 years, she has accepted an invitation from Sei Network to host a new weekly podcast and newsletter. The show, titled "Crypto In America," will focus on key figures in cryptocurrency policy.

Terrett will be joined by co-hosts Jacquelyn Melinek and Gerald Fenech to discuss how lawmakers, regulators, and the government are shaping the future of blockchain technology in the U.S. The first episode of the podcast will be released on March 19.

In addition to her work on "Crypto In America," Terrett plans to launch her own extended content later this year, where she will continue to provide exclusive reports, breaking news