比特币储备法案
11,134 views
14 Discussing
Hot
Latest
See original
【Arizona State Legislature Advances Bitcoin Reserve Bill】
Members of the Arizona House of Representatives voted to pass two bills allowing the state to adopt Bitcoin or other cryptocurrencies as reserves.
In the third reading of Senate Bill 1025 (SB1025) on April 28, the Arizona House passed it with a vote of 31 in favor and 25 against, which is a proposal to amend Arizona law to allow for strategic Bitcoin reserves. A similar bill, SB1373, aimed at establishing state-level digital asset reserves, passed with a vote of 37 in favor and 19 against.
Arizona Representative Jeff Weninger commented on the SB1025 bill, saying, "This bill essentially adopts an approach that 15 other states may be considering, allowing financial officials to invest up to 10% of funds nationwide.
Today's positive news!
#比特币储备法案 #比特币储备计划 #比特币储备货币 $BTC
Members of the Arizona House of Representatives voted to pass two bills allowing the state to adopt Bitcoin or other cryptocurrencies as reserves.
In the third reading of Senate Bill 1025 (SB1025) on April 28, the Arizona House passed it with a vote of 31 in favor and 25 against, which is a proposal to amend Arizona law to allow for strategic Bitcoin reserves. A similar bill, SB1373, aimed at establishing state-level digital asset reserves, passed with a vote of 37 in favor and 19 against.
Arizona Representative Jeff Weninger commented on the SB1025 bill, saying, "This bill essentially adopts an approach that 15 other states may be considering, allowing financial officials to invest up to 10% of funds nationwide.
Today's positive news!
#比特币储备法案 #比特币储备计划 #比特币储备货币 $BTC
See original
Every time a coin that is doing well suddenly rises or falls inexplicably, you really need to look for news. There must be news that makes the price rise or fall.
News
According to Cointelegraph, the Bitcoin Reserve Act of Montana, USA was rejected by the House of Representatives, with the final vote being 41 to 59. The bill originally planned to establish a special income account to invest in precious metals, stablecoins, and digital assets with an average market value of more than $750 billion in the past year (currently only Bitcoin meets the requirements). State Representative Steven Kelly said at a meeting of the Montana House of Representatives, "This is still taxpayers' money, we are responsible for it, we need to protect it, and these types of investments are too risky." In addition, any future Bitcoin Reserve Act will need to be resubmitted to the Montana Legislature again.
#sol板块 #比特币储备法案
News
According to Cointelegraph, the Bitcoin Reserve Act of Montana, USA was rejected by the House of Representatives, with the final vote being 41 to 59. The bill originally planned to establish a special income account to invest in precious metals, stablecoins, and digital assets with an average market value of more than $750 billion in the past year (currently only Bitcoin meets the requirements). State Representative Steven Kelly said at a meeting of the Montana House of Representatives, "This is still taxpayers' money, we are responsible for it, we need to protect it, and these types of investments are too risky." In addition, any future Bitcoin Reserve Act will need to be resubmitted to the Montana Legislature again.
#sol板块 #比特币储备法案
Don't want to analyze, just want to share and make orders #solana Spot can also be bought now Those who like to chase dogs
See original
The Bitcoin Strategic Reserve Boom is Coming, Over 30 States in the U.S. Have Joined the Legislative Race!
Recently, news about cryptocurrency policy in the United States has sparked heated discussions in the investment community. Some insiders have lamented on social media: "The market is not as bleak as everyone thinks!" Indeed, although the pace of policy advancement may not be as fast as some expected after Trump's administration took office, the process of cryptocurrency compliance is steadily progressing, especially the layout of Bitcoin strategic reserves, which has become the focus for 2025. According to the latest news, more than 30 state-level administrative agencies across the U.S. have initiated related legislation, planning to invest local financial resources into cryptocurrency strategic reserves, an increase of at least 8 states compared to last week, which is encouraging.
The concept of Bitcoin strategic reserves is not complicated; simply put, local administrative agencies will use a portion of their financial resources to purchase and hold Bitcoin as part of a long-term asset allocation. This approach is both an attempt to hedge against inflation and a new strategy to seize opportunities in the digital economy wave. From the current situation, the enthusiasm for legislation among the states is high, reflecting a deepening acknowledgment of the potential of cryptocurrencies by local management. For instance, Utah's HB0230 bill has entered the review stage, planning to allow local funds to invest up to 5% of their assets in Bitcoin, with a potential scale reaching tens of millions of dollars. Similar stories are unfolding across the United States.
Of course, implementing policies is not an overnight process. Improving compliance takes time, and legislative approval faces both technical and legal challenges. Some predict that if these bills pass smoothly, they could attract billions of dollars into the market, further increasing the value of Bitcoin. However, opportunities and risks coexist, and whether the market will continue to heat up due to favorable policy remains to be seen, depending on the subsequent enforcement efforts and global economic trends.#比特币储备法案
Recently, news about cryptocurrency policy in the United States has sparked heated discussions in the investment community. Some insiders have lamented on social media: "The market is not as bleak as everyone thinks!" Indeed, although the pace of policy advancement may not be as fast as some expected after Trump's administration took office, the process of cryptocurrency compliance is steadily progressing, especially the layout of Bitcoin strategic reserves, which has become the focus for 2025. According to the latest news, more than 30 state-level administrative agencies across the U.S. have initiated related legislation, planning to invest local financial resources into cryptocurrency strategic reserves, an increase of at least 8 states compared to last week, which is encouraging.
The concept of Bitcoin strategic reserves is not complicated; simply put, local administrative agencies will use a portion of their financial resources to purchase and hold Bitcoin as part of a long-term asset allocation. This approach is both an attempt to hedge against inflation and a new strategy to seize opportunities in the digital economy wave. From the current situation, the enthusiasm for legislation among the states is high, reflecting a deepening acknowledgment of the potential of cryptocurrencies by local management. For instance, Utah's HB0230 bill has entered the review stage, planning to allow local funds to invest up to 5% of their assets in Bitcoin, with a potential scale reaching tens of millions of dollars. Similar stories are unfolding across the United States.
Of course, implementing policies is not an overnight process. Improving compliance takes time, and legislative approval faces both technical and legal challenges. Some predict that if these bills pass smoothly, they could attract billions of dollars into the market, further increasing the value of Bitcoin. However, opportunities and risks coexist, and whether the market will continue to heat up due to favorable policy remains to be seen, depending on the subsequent enforcement efforts and global economic trends.#比特币储备法案
See original
State-Level Bitcoin Reserve Trend: A 'Digital Gold Rush' Quietly Reshaping Market Dynamics
Currently, 26 states in the U.S. have introduced Bitcoin reserve bills. Since Trump publicly announced the crypto strategic reserve, state-level bills have evolved from political slogans to institutional rights confirmation.
Utah's HB0230 bill proposing a 5% public fund allocation to BTC is about to pass the Senate, while Arizona is even more radical—allowing the state treasury to allocate 10% of funds to BTC and NFTs. Local governments' 'financial self-rescue' has shifted from gold to digital assets.
State-level reserves essentially represent sovereign-level lock-ups. According to VanEck's calculations, if 20 states pass the bills, 247,000 BTC (accounting for 1.18% of circulation) will be long-term frozen—equivalent to consuming two years of new supply post-halving, compounded by continuous ETF accumulation, making the supply-demand gap a foregone conclusion.
Utah's HB0230 bill proposing a 5% public fund allocation to BTC is about to pass the Senate, while Arizona is even more radical—allowing the state treasury to allocate 10% of funds to BTC and NFTs. Local governments' 'financial self-rescue' has shifted from gold to digital assets.
State-level reserves essentially represent sovereign-level lock-ups. According to VanEck's calculations, if 20 states pass the bills, 247,000 BTC (accounting for 1.18% of circulation) will be long-term frozen—equivalent to consuming two years of new supply post-halving, compounded by continuous ETF accumulation, making the supply-demand gap a foregone conclusion.
See original
🚀Georgia is once again launching a wave of Bitcoin reserve bill applications, is unlimited investment about to become a reality?
Georgia has been quite active recently! Just 10 days after the first Bitcoin reserve bill was submitted, they have proposed a second bill. This time, the bill (Senate Bill 228) directly lifts investment restrictions, allowing the state treasurer to invest in Bitcoin without limits, demonstrating a full commitment and showcasing great ambition and determination!
Compared to the first bill, Georgia's second Bitcoin reserve bill goes further; it not only removes investment restrictions but also requires the state treasury to develop a set of specific policies and procedures to fully "accept, store, and trade Bitcoin." All these actions point to a clear goal: to ensure that all operations comply with local legal frameworks.
Interestingly, the shadow of partisan conflict looms behind these two bills. The first bill (SB 178) was proposed by a Republican senator, stipulating a 5% cap on Bitcoin investments; while the second bill (SB 228), also initiated by Republicans, directly abolished the investment cap, required the treasury to formulate relevant policies, and allowed for the "acceptance, storage, and trading of Bitcoin." The two bills, one after the other, feel like a "head-on confrontation" between the two parties.
Not only Georgia, but at least 21 states in the U.S. are considering cryptocurrency strategic reserves, although most are still in the legislative approval phase. Currently, Wyoming, Montana, North Dakota, and Pennsylvania have already rejected Bitcoin reserve bills. However, Dennis Porter, CEO of the Satoshi Act Fund, predicts that Utah may become the first state to pass a Bitcoin reserve bill.
In summary, the state-level Bitcoin reserve "race" has already begun, and Georgia's actions undoubtedly add fuel to the strategic reserve status of Bitcoin. Which state will first pass a bill? Let's wait and see!
💬 Which of Georgia's two bills do you support more? Is allowing the treasurer to invest in Bitcoin without limits too radical? Share your thoughts in the comments!
Georgia has been quite active recently! Just 10 days after the first Bitcoin reserve bill was submitted, they have proposed a second bill. This time, the bill (Senate Bill 228) directly lifts investment restrictions, allowing the state treasurer to invest in Bitcoin without limits, demonstrating a full commitment and showcasing great ambition and determination!
Compared to the first bill, Georgia's second Bitcoin reserve bill goes further; it not only removes investment restrictions but also requires the state treasury to develop a set of specific policies and procedures to fully "accept, store, and trade Bitcoin." All these actions point to a clear goal: to ensure that all operations comply with local legal frameworks.
Interestingly, the shadow of partisan conflict looms behind these two bills. The first bill (SB 178) was proposed by a Republican senator, stipulating a 5% cap on Bitcoin investments; while the second bill (SB 228), also initiated by Republicans, directly abolished the investment cap, required the treasury to formulate relevant policies, and allowed for the "acceptance, storage, and trading of Bitcoin." The two bills, one after the other, feel like a "head-on confrontation" between the two parties.
Not only Georgia, but at least 21 states in the U.S. are considering cryptocurrency strategic reserves, although most are still in the legislative approval phase. Currently, Wyoming, Montana, North Dakota, and Pennsylvania have already rejected Bitcoin reserve bills. However, Dennis Porter, CEO of the Satoshi Act Fund, predicts that Utah may become the first state to pass a Bitcoin reserve bill.
In summary, the state-level Bitcoin reserve "race" has already begun, and Georgia's actions undoubtedly add fuel to the strategic reserve status of Bitcoin. Which state will first pass a bill? Let's wait and see!
💬 Which of Georgia's two bills do you support more? Is allowing the treasurer to invest in Bitcoin without limits too radical? Share your thoughts in the comments!
See original
Big news!!!
Georgia triggers a Bitcoin reserve war, with fierce competition between the two parties!
The Georgia Senate recently submitted a new Bitcoin reserve bill (SB 228), proposed by the Democrats, in stark contrast to the earlier Republican bill (SB 178). The bill does not set an investment cap, while the Republican bill limits it to 5%.
Currently, more than 20 states in the United States have proposed similar Bitcoin reserve bills, marking fierce competition in this field.
#比特币储备法案
Georgia triggers a Bitcoin reserve war, with fierce competition between the two parties!
The Georgia Senate recently submitted a new Bitcoin reserve bill (SB 228), proposed by the Democrats, in stark contrast to the earlier Republican bill (SB 178). The bill does not set an investment cap, while the Republican bill limits it to 5%.
Currently, more than 20 states in the United States have proposed similar Bitcoin reserve bills, marking fierce competition in this field.
#比特币储备法案
See original
Legislative proposals in multiple states in the United States for establishing a 'Strategic Bitcoin Reserve' have successfully passed committee review and are about to enter the House voting phase. According to current progress, it is expected that as early as March, a state will officially pass this bill. Among them, Texas, with its proactive policy support and leading positioning, is most likely to become the first state to be approved. #比特币储备法案
See original
₿ VanEck: State Bitcoin Bills Could Trigger Purchases of Over 247,000 BTC Once Enacted
A new study from VanEck found that if Bitcoin reserve bills are passed in U.S. states, it could result in $23 billion in Bitcoin purchases, equivalent to nearly 247,000 BTC. This does not include potential allocations to pension funds, and demand could increase further if lawmakers pass these proposals.
Imagine the huge purchasing power that would be unleashed if these bills were enacted! The core of the bill is to allow states to invest a portion of their fiscal reserves in Bitcoin. This is definitely not a small investment, and once implemented, the price of Bitcoin is likely to usher in another sharp rise.
When revealing the results of this analysis, Matthew Sigel, head of research at VanEck, specifically pointed out that the interest of U.S. states in including Bitcoin as a reserve asset is rapidly rising. This is undoubtedly a major trend worth paying attention to!
Speaking of specific states, Utah must be mentioned in particular. Their Bitcoin reserve bill passed the House Economic Development Committee on January 28 and is now waiting for the final vote of the Senate. If all goes well, Utah will become the first state in the United States to implement such a bill, which will be a milestone moment!
Not only Utah, but many other states are also actively following up. Like Missouri, Arizona, Oklahoma and Kentucky, they are all promoting similar bills. Especially Kentucky, which recently joined this big family and became the 16th state to propose Bitcoin reserve legislation. This series of actions shows that the potential status of Bitcoin in government reserves is gradually improving.
In short, once these state-level Bitcoin reserve bills are passed, it is expected to have an unprecedented impact on the Bitcoin market. Let's wait and see how this drama unfolds!
💬 Finally, are you ready to witness history? Do you think the Bitcoin reserve bills in these states can be passed one after another? See you in the comments section!
#比特币储备法案 #VanEck分析 #州政府投资比特币
A new study from VanEck found that if Bitcoin reserve bills are passed in U.S. states, it could result in $23 billion in Bitcoin purchases, equivalent to nearly 247,000 BTC. This does not include potential allocations to pension funds, and demand could increase further if lawmakers pass these proposals.
Imagine the huge purchasing power that would be unleashed if these bills were enacted! The core of the bill is to allow states to invest a portion of their fiscal reserves in Bitcoin. This is definitely not a small investment, and once implemented, the price of Bitcoin is likely to usher in another sharp rise.
When revealing the results of this analysis, Matthew Sigel, head of research at VanEck, specifically pointed out that the interest of U.S. states in including Bitcoin as a reserve asset is rapidly rising. This is undoubtedly a major trend worth paying attention to!
Speaking of specific states, Utah must be mentioned in particular. Their Bitcoin reserve bill passed the House Economic Development Committee on January 28 and is now waiting for the final vote of the Senate. If all goes well, Utah will become the first state in the United States to implement such a bill, which will be a milestone moment!
Not only Utah, but many other states are also actively following up. Like Missouri, Arizona, Oklahoma and Kentucky, they are all promoting similar bills. Especially Kentucky, which recently joined this big family and became the 16th state to propose Bitcoin reserve legislation. This series of actions shows that the potential status of Bitcoin in government reserves is gradually improving.
In short, once these state-level Bitcoin reserve bills are passed, it is expected to have an unprecedented impact on the Bitcoin market. Let's wait and see how this drama unfolds!
💬 Finally, are you ready to witness history? Do you think the Bitcoin reserve bills in these states can be passed one after another? See you in the comments section!
#比特币储备法案 #VanEck分析 #州政府投资比特币
See original
Several states in the United States have proposed bills to establish Bitcoin reserves, which is favorable but not very significant.
California is amending Bill No. 1052 (AB-1052) to regulate cryptocurrency, referred to as the "Bitcoin Rights" bill.
Texas is drafting a Bitcoin reserve bill, which, if passed, would be a groundbreaking law. Kentucky, Pennsylvania, and Ohio are also looking to invest in Bitcoin. These laws demonstrate that an increasing number of states view Bitcoin as a key asset.
As recently as February, Florida, Utah, Ohio, Missouri, and Kentucky introduced legislation either to create Bitcoin reserves or to allocate state funds to crypto-related investment tools.
#比特币储备法案
California is amending Bill No. 1052 (AB-1052) to regulate cryptocurrency, referred to as the "Bitcoin Rights" bill.
Texas is drafting a Bitcoin reserve bill, which, if passed, would be a groundbreaking law. Kentucky, Pennsylvania, and Ohio are also looking to invest in Bitcoin. These laws demonstrate that an increasing number of states view Bitcoin as a key asset.
As recently as February, Florida, Utah, Ohio, Missouri, and Kentucky introduced legislation either to create Bitcoin reserves or to allocate state funds to crypto-related investment tools.
#比特币储备法案
See original
BTC state reserve legislation meets ETF net outflow; Trump reviews gold reserves, LTC open interest hits four-year high
Macro interpretation: In this spring when the traditional financial and crypto worlds are accelerating their collision, the governments of various states in the United States are staging a dramatic #比特币储备法案 competition. Utah's HB0230 allows the four major public funds to allocate no more than 5% of #BTC . This seemingly conservative figure is converted into a potential purchasing power of 70 million US dollars, which is like dropping a depth bomb on the crypto market. The trend of 20 states in the United States promoting relevant legislation reminds people of the grand occasion of states vying to embrace blockchain technology in 2017 - but this time, politicians are no longer targeting concept hype, but real money asset allocation.
See original
Shocking!!!
El Salvador Suspends Bitcoin Purchases: IMF Loan Pressure Forces Government to Change Strategy
El Salvador seems to have halted its daily Bitcoin purchasing plan, a shift possibly related to the $1.4 billion loan agreement reached with the International Monetary Fund (IMF). Since 2021, El Salvador has become the first country to adopt Bitcoin as legal tender and began daily Bitcoin purchases in 2022. However, with the IMF's intervention, El Salvador's Bitcoin strategy has undergone significant changes.
Reasons Behind the Suspension of Bitcoin Purchases
The El Salvador government had planned to drive economic development through continuous Bitcoin purchases, but the IMF loan agreement explicitly requires El Salvador to cease Bitcoin activities. The IMF considers Bitcoin to be an unstable asset and thus demands that the government reduce its reliance on Bitcoin. Although President Bukele had promised to continue purchasing Bitcoin until it could no longer be paid with legal tender, he ultimately chose to comply with the IMF's conditions.
Conditions and Returns of the IMF Loan
Under the agreement with the IMF, El Salvador will receive a $1.4 billion loan. The main conditions of the loan include:
Fiscal Policy: Over the next three years, the GDP must grow at an annual rate of 3.5%, and the proportion of public debt to GDP must be reduced.
Transparency and Governance: Strengthen anti-corruption and anti-money laundering measures to meet international standards.
Bank Liquidity: Bank deposit liquidity will be improved, expected to be completed by the end of 2026.
Restrictions on Digital Assets: Economic activities related to Bitcoin will be significantly curtailed, and taxes can only be paid in dollars, while local crypto wallets (Chivo) will gradually be unlocked.
Loan Approval and Future Outlook
Although the loan agreement has been reached, final approval from the IMF executive board is still required. Currently, El Salvador has accumulated about 6,000 Bitcoins, valued at approximately $600 million, and has not sold these Bitcoins.
Summary
Although El Salvador's Bitcoin experiment is temporarily halted, this does not mean it is a complete failure. Despite the suspension of daily Bitcoin purchases, El Salvador's Bitcoin reserve strategy on a global scale still serves as a reference for other countries. With the IMF's intervention, El Salvador's economic policies will become more robust, and other countries may consider El Salvador's strategy when thinking about establishing their own Bitcoin reserves.
#比特币储备法案
El Salvador Suspends Bitcoin Purchases: IMF Loan Pressure Forces Government to Change Strategy
El Salvador seems to have halted its daily Bitcoin purchasing plan, a shift possibly related to the $1.4 billion loan agreement reached with the International Monetary Fund (IMF). Since 2021, El Salvador has become the first country to adopt Bitcoin as legal tender and began daily Bitcoin purchases in 2022. However, with the IMF's intervention, El Salvador's Bitcoin strategy has undergone significant changes.
Reasons Behind the Suspension of Bitcoin Purchases
The El Salvador government had planned to drive economic development through continuous Bitcoin purchases, but the IMF loan agreement explicitly requires El Salvador to cease Bitcoin activities. The IMF considers Bitcoin to be an unstable asset and thus demands that the government reduce its reliance on Bitcoin. Although President Bukele had promised to continue purchasing Bitcoin until it could no longer be paid with legal tender, he ultimately chose to comply with the IMF's conditions.
Conditions and Returns of the IMF Loan
Under the agreement with the IMF, El Salvador will receive a $1.4 billion loan. The main conditions of the loan include:
Fiscal Policy: Over the next three years, the GDP must grow at an annual rate of 3.5%, and the proportion of public debt to GDP must be reduced.
Transparency and Governance: Strengthen anti-corruption and anti-money laundering measures to meet international standards.
Bank Liquidity: Bank deposit liquidity will be improved, expected to be completed by the end of 2026.
Restrictions on Digital Assets: Economic activities related to Bitcoin will be significantly curtailed, and taxes can only be paid in dollars, while local crypto wallets (Chivo) will gradually be unlocked.
Loan Approval and Future Outlook
Although the loan agreement has been reached, final approval from the IMF executive board is still required. Currently, El Salvador has accumulated about 6,000 Bitcoins, valued at approximately $600 million, and has not sold these Bitcoins.
Summary
Although El Salvador's Bitcoin experiment is temporarily halted, this does not mean it is a complete failure. Despite the suspension of daily Bitcoin purchases, El Salvador's Bitcoin reserve strategy on a global scale still serves as a reference for other countries. With the IMF's intervention, El Salvador's economic policies will become more robust, and other countries may consider El Salvador's strategy when thinking about establishing their own Bitcoin reserves.
#比特币储备法案
See original
Michigan Lawmakers Propose Bitcoin Reserve Investment Plan for State Treasury
Recently, Michigan lawmakers introduced a new bill (HB 4087) intending to allow the state government to invest up to 10% of its funds in Bitcoin, while also allowing for secure cryptocurrency lending. If this succeeds, Bitcoin will have a place in Michigan's financial strategy.
On February 13, Michigan Representatives Bryan Posthumus and Ron Robinson officially presented this bill, aimed at amending the state budget act through Bitcoin investment, joining the ranks of 19 other states that are implementing or considering cryptocurrency investment policies, but it remains to be seen whether the bill will pass.
The new bill authorizes the Michigan State Treasurer to invest no more than 10% of the funds in cryptocurrencies, without specifying particular coins, only requiring that the state government must store these cryptocurrencies through secure custodial services. The bill also allows the state government to lend crypto assets to increase revenue, but it must ensure no additional financial risk.
In fact, Michigan's state pension fund has long been involved in cryptocurrency investments, holding exchange-traded funds of Bitcoin and Ethereum. According to documents submitted to the U.S. Securities and Exchange Commission (SEC) in November, the Michigan Retirement System reported that it holds 460,000 shares of Grayscale Ethereum Trust, as well as an equivalent amount of Ethereum Mini Trust shares.
Matthew Sigel from VanEck also mentioned that several states in the U.S. have proposed strategic Bitcoin reserve bills, which are expected to drive a Bitcoin purchase volume of $23 billion. This figure does not include allocations from pension funds, and if legislation progresses, this number may rise.
Currently, 20 states have proposed cryptocurrency reserve bills, with Arizona and Utah making faster progress. Texas has recently introduced a new Bitcoin investment bill, and states like Montana, Ohio, and Florida have similar legislation. However, North Dakota is the only state to reject this proposal.
In summary, if the HB 4087 bill passes, it will make Michigan part of the U.S. cryptocurrency investment landscape and enhance the role of Bitcoin in government finance.
Do you think the Bitcoin investment bill will become a new trend in state government investments?
#密歇根州 #比特币储备法案 #加密货币投资
Recently, Michigan lawmakers introduced a new bill (HB 4087) intending to allow the state government to invest up to 10% of its funds in Bitcoin, while also allowing for secure cryptocurrency lending. If this succeeds, Bitcoin will have a place in Michigan's financial strategy.
On February 13, Michigan Representatives Bryan Posthumus and Ron Robinson officially presented this bill, aimed at amending the state budget act through Bitcoin investment, joining the ranks of 19 other states that are implementing or considering cryptocurrency investment policies, but it remains to be seen whether the bill will pass.
The new bill authorizes the Michigan State Treasurer to invest no more than 10% of the funds in cryptocurrencies, without specifying particular coins, only requiring that the state government must store these cryptocurrencies through secure custodial services. The bill also allows the state government to lend crypto assets to increase revenue, but it must ensure no additional financial risk.
In fact, Michigan's state pension fund has long been involved in cryptocurrency investments, holding exchange-traded funds of Bitcoin and Ethereum. According to documents submitted to the U.S. Securities and Exchange Commission (SEC) in November, the Michigan Retirement System reported that it holds 460,000 shares of Grayscale Ethereum Trust, as well as an equivalent amount of Ethereum Mini Trust shares.
Matthew Sigel from VanEck also mentioned that several states in the U.S. have proposed strategic Bitcoin reserve bills, which are expected to drive a Bitcoin purchase volume of $23 billion. This figure does not include allocations from pension funds, and if legislation progresses, this number may rise.
Currently, 20 states have proposed cryptocurrency reserve bills, with Arizona and Utah making faster progress. Texas has recently introduced a new Bitcoin investment bill, and states like Montana, Ohio, and Florida have similar legislation. However, North Dakota is the only state to reject this proposal.
In summary, if the HB 4087 bill passes, it will make Michigan part of the U.S. cryptocurrency investment landscape and enhance the role of Bitcoin in government finance.
Do you think the Bitcoin investment bill will become a new trend in state government investments?
#密歇根州 #比特币储备法案 #加密货币投资
Login to explore more contents