Georgia has introduced a second bill allowing the state treasury to invest in Bitcoin with no investment restrictions.
Details of the Second Bill
The second bill, known as Senate Bill 228, would require the Georgia State Treasury Department to develop policies for the acceptance, storage, and transacting of Bitcoin. This bill has no investment limitations for the state treasury.
Comparison with the First Bill
The second bill is considered a 'partisan' competitor of the first. It was proposed by Republican sponsors, while the first bill, SB 178, includes a 5% investment limit.
Legal Status in the U.S.
According to the Bitcoin Reserve Monitor, 21 U.S. states are contemplating cryptocurrency strategic reserves. However, no strategic Bitcoin reserve bills have been passed yet.
The introduction of the second bill in Georgia underscores the growing interest of states in integrating Bitcoin into their financial frameworks.
