# ROLLUP: Bitcoin on the US Balance Sheet? | Trump's US Crypto Stockpile | Banks Can Now Custody Crypto | Venice AI's Massive Airdrop

*Author: David Hoffman*
*Published: Jan 31, 2025*
*Source: https://www.bankless.com/es/podcast/rollup-why-the-vibe-is-off-despite-100k-btc-trumps-us-crypto-stockpile-banks-can-custody-crypto-venice-ais-massive-airdrop*

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Bitcoin has hit $100K, but something feels off. The market is up, yet sentiment is mixed. Meanwhile, seismic shifts in institutional and governmental adoption are underway, setting the stage for what could be a historic transformation of the financial system.

**Trump’s Executive Order: A National Crypto Stockpile?**

In a move that stunned the crypto world, former President Donald Trump signed an executive order establishing a **strategic digital asset stockpile working group**. This initiative aims to design a federal regulatory framework for digital assets while evaluating the feasibility of a national Bitcoin reserve. With a **60-day deadline for recommendations** and **180 days for a strategic roadmap**, the U.S. may soon treat Bitcoin as a reserve asset.

The executive order also **bans the creation of a U.S. CBDC**, ensuring that private citizens and companies can continue to develop blockchain technologies without excessive regulation. This marks a **major shift in U.S. crypto policy**, reversing previous regulatory hostility.

**Bitcoin on Central Bank Balance Sheets? Czech Republic and Norway Make Moves**

While the U.S. deliberates, the **Czech National Bank is actively considering adding Bitcoin to its reserves**—potentially allocating up to 5% of its $146B in total reserves to BTC. If approved, this would result in a **$7.3B Bitcoin purchase**, equivalent to over **five months of newly mined BTC supply**.

Meanwhile, **Norway’s central bank has been quietly accumulating exposure to Bitcoin through MicroStrategy**, now holding **$500M worth of MicroStrategy stock**, giving it indirect exposure to Bitcoin’s price movements.

**SEC Repeals SAB121—Banks Can Finally Hold Bitcoin**

In a massive win for institutional crypto adoption, the **SEC has revoked SAB121**, a controversial rule that forced banks to treat crypto as a liability on their balance sheets. This policy had been a major deterrent to Wall Street institutions entering the market. Now, banks like **Goldman Sachs, Morgan Stanley, and Bank of America are reconsidering offering Bitcoin custody services**—a move that could unlock billions in institutional capital.

**Venice AI Token Launch and Abstract Chain’s Big Move**

The **Venice AI token launch** saw massive adoption, enabling AI agents to be paid in crypto for their work. Within 12 hours of launch, **Coinbase listed the token**, fueling further speculation about its long-term role in decentralized AI.

Additionally, **Abstract Chain launched its mainnet**, focusing on **streamers, creators, and consumer-facing Web3 applications**. Built on ZKSync’s ZK stack, it offers **native streaming, XP rewards, and integrated wallet solutions**.

**What Comes Next?**

With institutions and even governments starting to recognize Bitcoin’s role in the global financial system, **we could be on the verge of a supply shock**. If major nations begin accumulating BTC as part of their reserves, demand will skyrocket—potentially sending Bitcoin’s price into **uncharted territory**.

The **race for Bitcoin as a strategic asset has begun**. The question now is: which government will make the first big move? 🚀
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*This article is brought to you by [Bitget](https://www.bankless.com/es/sponsor/bitget-1769543635?ref=podcast/rollup-why-the-vibe-is-off-despite-100k-btc-trumps-us-crypto-stockpile-banks-can-custody-crypto-venice-ais-massive-airdrop)*