According to Foresight News and Cointelegraph, Illinois has become another state in the U.S. advancing a Bitcoin strategic reserve bill. The HB1844 bill proposed by State Representative John Cabello suggests the creation of a 'Bitcoin Strategic Reserve Fund' as a special fund of the state treasury to hold Bitcoin as a financial asset. According to the bill, the state treasury must hold Bitcoin for at least 5 years, after which it may choose to transfer, sell, or convert it to other cryptocurrencies. The bill was submitted to the rules committee on January 29, awaiting further regulatory details and legislative approval. Notably, this initiative in Illinois follows the Arizona Senate's promotion of Bitcoin reserve legislation, which seeks to allow public funds and pensions to invest in Bitcoin. Mouloukou Sanoh, co-founder and CEO of MANSA, stated that this move is an important step for the popularization of Bitcoin in the U.S., and it may encourage more states to follow suit, but nationwide approval will still require time and regulatory clarity. Additionally, Texas has also included Bitcoin reserves as a legislative priority for 2025.