A new strategic Bitcoin reserve bill, SB 228, has been introduced in the Georgia Senate by the Democrats. This effort competes with a Republican proposal, SB 178, introduced ten days prior.
New Bill by Democrats
The SB 228 bill by the Democrats has surfaced amidst the recent SB 178 Republican bill. Notably, the Democratic proposal lacks an investment cap, setting it apart from its Republican counterpart.
Competition with Republican Bill
The Republican bill includes a 5% investment cap. The Democratic initiative aims to establish a strategic Bitcoin reserve without fixed limits, thus enhancing political rivalry on the matter.
Status of Other US Bills
Overall, more than 20 state-level strategic Bitcoin reserve bills have been introduced in the US. Recently, an SBR bill (HB 429) failed to pass a second reading in the Montana House. Meanwhile, Utah’s HB230 successfully passed through the Senate Revenue and Taxation Committee last week.
The situation surrounding Bitcoin reserve bills continues to evolve, reflecting political differences and strategic approaches of various US states towards this initiative.
