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Starting from Arizona, BTC has a long way to go!
Breaking News:
Arizona has advanced a groundbreaking bill to establish a state-managed cryptocurrency reserve, which would include Bitcoin, stablecoins, and NFTs. The legislation empowers the state treasurer to lend digital assets and invest in state-registered crypto products to generate returns. While the bill has gained bipartisan support, its future remains uncertain due to the governor’s veto threat tied to unrelated budget disputes. If enacted, annual digital asset investments will be capped at 10% of the state treasury and managed through qualified crypto custodians, ensuring both innovation and fiscal prudence in Arizona’s approach to digital finance.
Arizona has advanced a groundbreaking bill to establish a state-managed cryptocurrency reserve, which would include Bitcoin, stablecoins, and NFTs. The legislation empowers the state treasurer to lend digital assets and invest in state-registered crypto products to generate returns. While the bill has gained bipartisan support, its future remains uncertain due to the governor’s veto threat tied to unrelated budget disputes. If enacted, annual digital asset investments will be capped at 10% of the state treasury and managed through qualified crypto custodians, ensuring both innovation and fiscal prudence in Arizona’s approach to digital finance.
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