States Explore Bitcoin as a Financial Hedge
With Bitcoin prices surging post-Election Day, five U.S. states are considering bills to establish Bitcoin as part of their strategic reserves. Advocates see this as a hedge against inflation and a step toward digital innovation.Texas Pushes for Bitcoin Reserve
Texas is leading the charge with a proposal by State Representative Giovanni Capriglione to create a Bitcoin reserve. The bill mandates the reserve be held in cold storage for at least five years and allows Texans to donate Bitcoin to the fund.Pennsylvania’s Ambitious Bitcoin Plan
Pennsylvania’s legislature has introduced a bill allowing up to 10% of the state’s General Fund to be allocated to Bitcoin. This could enable the purchase of nearly $1 billion in Bitcoin, aimed at safeguarding the state’s finances against inflation.Ohio and New Hampshire Join the Bitcoin Movement
Ohio’s Bitcoin Reserve Act seeks to empower its State Treasurer to establish a dedicated Bitcoin fund. Meanwhile, New Hampshire is exploring Bitcoin investments as an inflation-proof asset, allowing for lending and staking practices to maximize returns.North Dakota's Crypto Diversification
North Dakota legislators are working on a resolution to include Bitcoin and other digital assets in the state’s financial portfolio. This move aligns with efforts to insulate state finances from inflationary pressures and foster economic resilience.
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