US EditionSouth Dakota Lawmaker Makes Another Run at Bitcoin Reserve Bill
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7 Articles
South Dakota Bill Proposes Allocating 10% of State Funds to Bitcoin
South Dakota lawmakers have introduced House Bill 1155, a proposal that would allow the state’s Investment Council to allocate up to 10% of public funds into Bitcoin. The measure marks the state’s most ambitious attempt yet to integrate digital assets into its tr
A state legislator presented a new project that would allow investment of public funds in Bitcoin, reactivating the debate on crypted reserves at the state level in the United States. *** The HB 1155 project would allow investment of up to 10% of state public funds in Bitcoin. The initiative is almost identical to a proposal presented and postponed in 2025. The debate is in parallel to federal efforts to create a Bitcoin strategic reserve. South…
Strategic Bitcoin Reserve: South Dakota Introduces Bill to Invest in BTC as U.S. States Explore Crypto
South Dakota has proposed a bill that will enable the state to invest its government revenues in Bitcoin (BTC), creating a Bitcoin Reserve in the process. The action is part of a rising trend among the U.S. states to adopt the flagship crypto as a reserve asset. South Dakota Eyes Bitcoin Reserve With New Bill The post Strategic Bitcoin Reserve: South Dakota Introduces Bill to Invest in BTC as U.S. States Explore Crypto appeared first on CoinGape.
South Dakota Proposes Bill Allowing State To Buy Bitcoin
South Dakota Republican Rep. Logan Manhart has introduced House Bill 1155, a proposal that would permit the state to invest public funds in Bitcoin. The legislation, formally filed in the 101st Legislative Session, allows the State Investment Council to allocate up to 10% of state funds available for investment to BTC, marking a potential first for the state in adopting crypto as part of its investment strategy. The bill outlines multiple optio…
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