Despite being the largest digital currency in the world, Bitcoin faced a rejection from South Dakota lawmakers. The US state followed the lead of Montana which also recently rejected the Bitcoin reserve bill concept. Meanwhile, Bitcoin fell below $90,000 and it is trading above the $85K mark at press time.
Despite trading below its ATH and previous highs, Bitcoin’s reputation as a reserve asset didn’t go away. While multiple US states started exploring Bitcoin strategic reserves this month, it is now an African firm’s turn to adopt BTC. South Africa-based AltVest Capital is exploring the adoption of Bitcoin as a
Senator Cynthia Lummis urges the United States to modernize its national reserves to feature Bitcoin. Serving as a representative of Wyoming in the U.S. Senate, Lummis contends that Bitcoin’s openness and decentralization enable auditing in real-time, which may fortify fiscal accountability. Lummis stated: “A bitcoin reserve could be audited any
Michigan has officially joined the cryptocurrency legislative race with the introduction of House Bill 4087, marking the state’s bid to establish a strategic crypto reserve. The bill, introduced by Representatives Bryan Posthumus and Ron Robinson on February 13, positions Michigan as the 20th state in the U.S. to propose crypto
Texas lawmakers make a ground-breaking move trying to establish itself as the first state to introduce a Strategic Bitcoin Reserve. The lawmakers of Lone Star state (Texas) have refiled a strategic Bitcoin reserve bill. The refiling of the bill is under a distinct name aiming to create investment opportunities in
Sławomir Mentzen was gaining attention with his firm commitment to establishing a Bitcoin reserve for Poland in case he wins. Mentzen’s Vision for a Bitcoin Reserve Mentzen’s stance is aligned with that of U.S. President Donald Trump, who has been an outspoken Bitcoin and cryptocurrency supporter in the world of
Utah will become the first US state to make history in terms of launching a Bitcoin reserve. The Strategic Bitcoin Reserve Bill, or HB230, has already been voted on by the House of Representatives and is waiting for final approval in the Senate before landing on the governor’s desk. HB230,
Ohio is advancing a proposal to establish a “Bitcoin Reserve Fund.” Senator Sandra O’Brien introduced Senate Bill 57, which aims to authorize the state treasurer to invest public funds exclusively in Bitcoin (BTC). The bill was referred to the Financial Institutions, Insurance, and Technology Committee the day after its introduction,
A bitcoin reserve bill is now introduced to the state’s legislative body of Illinois, hence one of the newest U.S. states venturing into a financial strategy regarding Bitcoin. Sponsored by State Representative John Cabello, the House Bill 1844 or HB1844 recommends the setting up of a Bitcoin reserve in the
Texas is taking a bold step in digital asset adoption, with Lieutenant Governor Dan Patrick announcing that the establishment of a Texas Bitcoin Reserve is one of the state’s top legislative priorities for 2025. Senate Bill 21, which Patrick has placed at the forefront of the 89th regular legislative session,
