State Bitcoin bills could trigger 247k BTC purchase if enacted
A new analysis by VanEck suggests that 20 state-level Bitcoin reserve bills, if enacted, could lead to $23 billion in Bitcoin purchases, equivalent to 247,000 BTC. This estimate excludes potential pension fund allocations, which could further increase demand if lawmakers advance these proposals. Matthew Sigel, VanEck’s head of digital asset research, shared the findings on […]
State reserve bills add up to $23B in Bitcoin buys: VanEck
Some 20 US states are mulling creating Bitcoin reserves, and so is the federal government. Source link
North Carolina House speaker files bill for state to invest in Bitcoin ETPs
The bill limits investments to Bitcoin exchange-traded products only but includes various state funds such as pensions and insurance. Source link
Florida Sen. Gruters proposes Bitcoin investment bill for state funds
Florida Senator Joe Gruters argued that the state “should have access to tools such as Bitcoin to protect against inflation.” Source link
Missouri bill proposes Bitcoin reserve fund for state investments
House Bill 1217, introduced by Representative Ben Keathley, aims to establish a Bitcoin reserve fund for Missouri and mandate crypto acceptance for state payments. Source link
Utah poised to be first state to pass Bitcoin reserve bill
Satoshi Act Fund founder and CEO, Dennis Porter, is certain that Utah will be the first state to pass a strategic Bitcoin reserve legislation in the U.S. In an interview with Simply Bitcoin and Republican Senator Cynthia Lummis, Porter explained that there are already a total of 11 states that have introduced strategic Bitcoin (BTC) […]
Utah could be first US state to pass Bitcoin reserve bill: Satoshi Action Fund
Utah’s Bitcoin reserve bill could be the first of its kind to pass at the state level in the US because of its shorter legislative window to decide on bills, says a Bitcoin advocate. Source link
Utah House committee passes bill for state to buy crypto
The bill now needs to pass a majority vote in Utah’s House and Senate before being approved by state governor Spencer Cox, who appears to be pro-crypto. Source link
Coinbase Rolled Out the Newest State of Crypto Report
Coinbase rolled out the newest State of Crypto report. The study was conducted by Ipsos. It observes how crypto and blockchain technology are viewed in Argentina, Kenya, the Philippines, and Switzerland and how it impacts the lives of people in these countries. For most of the part, the study is based on surveys with 4,000 […]
Massachusetts becomes 8th US state to propose BTC reserve laws
Some 15 U.S. states, including Massachusetts, have reportedly been working on Bitcoin reserves legislation just days before Donald Trump’s inauguration. A bill to establish a Bitcoin (BTC) treasury in Massachusetts was introduced by State Senator Peter Durant, making it the eighth U.S. state to propose such legislation amid rising crypto interest with the incoming pro-BTC […]
