I really wish people like you would stop commenting on stuff you don't get or don't read at all. This is already official and has been reported on by so many channels. Financial Times, CoinDesk. Google it.
This is not a proposal, this is an actual new law that was drafted and now passed. Fund Location Act. Look it up.
That much investment should be able to make the price of BTC go up high, but I see the price of BTC is stable at $30K. Has all that money not gone into crypto yet?