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Alabama, Minnesota lawmakers join US states pushing for Bitcoin reserves

Summary by Cointelegraph

Lawmakers in the US states of Minnesota and Alabama filed companion bills to identical existing bills that if passed into law, would allow each state to buy Bitcoin.The Minnesota Bitcoin Act, or HF 2946, was introduced to the state’s House by Republican Representative Bernie Perryman on April 1, following an identical bill introduced on March 17 by GOP state Senator Jeremy Miller.Meanwhile, on the same day in Alabama, Republican state Senator Wi…

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Muddy River News

Missouri Joins the Number of US States Proposing a Bitcoin Reserve Bill – Muddy River News

Missouri has joined a number of states across the US proposing to retain a Bitcoin reserve fund for state investments. This bill has come into fruition following President Trump’s recommendation that a Bitcoin reserve, collected, in part from illegal Bitcoin funds gathered by the government, could help the continued development of the country.The decision to retain Bitcoin comes from the ever-increasing popularity of cryptocurrency in general, s…

10 hours ago

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ZyCrypto

Alabama Lawmakers Introduce Bitcoin Reserve Bill as Institutional Appetite Grows

Alabama lawmakers have introduced a bill to allow the state investment in Bitcoin (BTC). This follows a string of similar legislations from other states since President Donald Trump’s inauguration. The United States regulatory space has recorded several positive moves backing crypto assets. These efforts could swing macro forces and boost global adoption of the asset class. Alabama Joins The Bandwagon State Senator Bill Barfoot introduced a ne…

1 day ago

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BTC PEERS

Alabama and Minnesota Join States Pushing for Bitcoin Reserves

Lawmakers in Minnesota and Alabama have filed companion bills that would allow their states to invest in Bitcoin. These proposals join similar initiatives in 24 other states across the US, as part of a growing movement to create state Bitcoin reserves.In Minnesota, Republican Representative Bernie Perryman introduced the Minnesota Bitcoin Act (HF 2946) to the state's House on April 1. This follows an identical bill introduced on March 17 by GOP …

1 day ago

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Digital Market News

Alabama And Minnesota Legislators Support US States Advocating For Bitcoin Reserves

In the United States, lawmakers in Minnesota and Alabama have introduced companion bills to existing legislation that, if enacted, would enable both states to purchase Bitcoin. The Minnesota Bitcoin Act, designated as HF 2946, was put forth in the state’s House by Republican Representative Bernie Perryman on April 1, following a similar bill introduced on March 17 by GOP state Senator Jeremy Miller. On the same day in Alabama, Republican state S…

2 days ago

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Crypto News | Bitcoin News | BTC-Pulse

Alabama and Minnesota Join Growing Movement to Establish State Bitcoin Reserves

Alabama and Minnesota Lawmakers Propose Bitcoin Reserve Bills Lawmakers in Minnesota and Alabama have introduced bills that would allow their states to hold Bitcoin (BTC) as part of official reserves, the latest additions to a growing list of U.S. states pursuing similar legislation. The Minnesota Bitcoin Act: Paving the Way for State Crypto Adoption On April 1, Minnesota State Representative Bernie Perryman introduced HF 2946, the counterpart t…

2 days ago

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Crypto Breaking News

Alabama and Minnesota legislators unite with other states in advocating for Bitcoin reserves

Two US States are considering introducing legislation that would allow their respective state governments to include Bitcoin in their investment portfolios. Minnesota and Alabama have proposed bills that would authorize their state boards of investment to include cryptocurrencies like Bitcoin in their investment strategies. The bill in Minnesota was introduced by State Representative Duane Quam and aims to provide the state with the opportunity …

2 days ago

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