US States Begin Actively Developing Bitcoin Reserve Bills

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by Giorgi Kostiuk

2 years 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.

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