• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

US States Begin Actively Developing Bitcoin Reserve Bills

user avatar

by Giorgi Kostiuk

a year ago

Following Donald Trump's election victory, the number of US states interested in cryptocurrency investments has surged. Several states have already developed Bitcoin reserve bills.

Growing Regulatory Laws

Earlier this month, Georgia State Senator Greg Dolezal proposed bill SB178 to allow the state treasury to invest in Bitcoin. Once passed, it will add the cryptocurrency to the state's investment portfolio.

Other States Offering the Bill

The Montana committee accepted the strategic Bitcoin reserve bill under the leadership of C-Schomer. Currently, 20 out of 50 states are working to establish strategic Bitcoin reserves.

North Dakota remains the sole state in the US that has not agreed on the legislation of crypto investments.

Quotes and Sources

According to Bitcoin Reserve Monitor, none of the states have yet passed Bitcoin reserve legislation.

In conclusion, the number of US states seeking to invest in Bitcoin has significantly increased, reflecting a broader trend towards accepting cryptocurrency as a means of savings.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Silver Prices Experience Major Volatility Amid US-Iran War

chest

The ongoing US-Iran war has led to significant fluctuations in silver prices, with experts predicting a potential recovery.

user avatarGustavo Mendoza

Ark Invest Increases Stake in Coinbase and Robinhood Amid Market Uncertainty

chest

Ark Invest has increased its investments in Coinbase and Robinhood amid market fluctuations.

user avatarMiguel Rodriguez

XRP Faces Downside Pressure Amid Broader Market Trends

chest

XRP is currently facing downside pressure due to market trends and geopolitical events, with potential support levels identified.

user avatarLuis Flores

Crypto Analyst Predicts XRP Price Could Rally 680% Against Bitcoin

chest

Crypto analyst Javon Marks predicts XRP price could rally 680% against Bitcoin, potentially reaching $10 and $15.

user avatarArif Mukhtar

European Central Bank Raises Concerns Over Stablecoins

chest

The European Central Bank raises concerns over the increasing adoption of stablecoins, warning that their wider use could threaten traditional banking systems in Europe.

user avatarMaria Gutierrez

Ray Dalio Questions Bitcoin's Safe-Haven Status

chest

Billionaire hedge fund founder Ray Dalio expresses skepticism about Bitcoin's ability to serve as a safe-haven asset compared to gold.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.