🚀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!