#BTC   #ETH  #GT  



U.S. States Lead in Establishing Bitcoin Reserves, Surpassing Federal Initiatives

Over 30 U.S. states have explored the concept of publicly funded Bitcoin reserves, with at least two jurisdictions nearing legislative approval. Senator Cynthia Lummis (R-WY), chair of the Senate Banking Subcommittee on Digital Assets, highlighted this trend during the New York Bitcoin Investor Week.
States such as Utah and Arizona are advancing proposals to invest public funds in Bitcoin, though not all lawmakers are in agreement. Conversely, Montana, North Dakota, and Wyoming have recently rejected similar bills, citing concerns over cryptocurrency speculation and associated risks.
At the federal level, Senator Lummis introduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act, proposing that the Federal Reserve exchange a portion of its gold reserves for Bitcoin. If enacted, this legislation would require the U.S. government to acquire up to 5% of Bitcoin’s total supply over five years.
This growing interest among states reflects a significant shift toward integrating digital assets into public investment strategies, potentially positioning Bitcoin as a mainstream financial asset.
ETH0,13%
GT0,29%
OVER0,87%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
AhGangvip
· 03-01 21:03
Hahahahahahahahahahahahahahahahahahahahahaha
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)