- US state Georgia introduced a second Bitcoin reserve bill.
- The bill aims to allow the state treasurer to invest in Bitcoin without restrictions.
The number of US states that are exploring Bitcoin investments has lost count under Trump’s presidency. Georgia has also filed a Bitcoin reserve bill on Feb 14, 2024 adding to the list of these states. As per the latest updates, Georgia filed for a second Bitcoin reserve bill to invest in Bitcoin without any limitations.
🔥 NEW: Georgia introduces its second Bitcoin Reserve bill (SB 228) to allow the state to invest in Bitcoin without any investment limit. pic.twitter.com/4Zjmj3UiRa
— Cointelegraph (@Cointelegraph) February 24, 2025
Georgia filed an SA228 bill to allow the state treasurer to invest in the original cryptocurrency Bitcoin. The state treasurer also aims to introduce further policies to accept, store, and make Bitcoin transactions. It is also planning to revoke all the conflicting laws regarding Bitcoin investments in the state.
Georgia Senator Introduced SB 178 to Invest in Bitcoin
Earlier this month, Georgia State Senator Greg Dolezal introduced a bill SB 178 to permit the state treasury to invest in Bitcoin. It will add Bitcoin to the state’s investment portfolio once the bill is passed. Before this bill was passed through the legislation, the state introduced the present second Bitcoin reserve bill.
An increasing number of US states are proposing bills to add Bitcoin to their treasuries. After Trump won the US elections and promised to make the country the crypto capital of the world, the industry is witnessing increasing regulatory policies in the country.
As per the latest updates, the Montana committee passed the strategic Bitcoin reserve bill under the leadership of C-Schomer. It is only a matter of time before we see almost all the US states establishing strategic Bitcoin reserves. On the other hand, the diminishing value of fiat currencies is also further pushing the adoption of Bitcoin.
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