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The United States of Bitcoin? States Weigh BTC Reserves as Crypto Gains Traction
A growing number of U.S. states are exploring the possibility of holding their own Bitcoin reserves, a move that could cement their status as pioneers in digital asset regulation. In Pennsylvania, Representative Jesse Topper has successfully steered his bill through the House of Representatives and is now heading to the Senate for final approval. If signed into law, this measure would see the state treasury invest up to 20% of its reserves in Bitcoin.
Ohio is also making waves in the crypto community with a proposal that would allow its State Treasurer to purchase and manage a dedicated Bitcoin fund within the state treasury. Proponents argue that such an approach could provide a hedge against inflation, safeguarding tax dollars from erosion.
While some have raised concerns about the risks associated with Bitcoin’s volatility and regulatory uncertainty, others see this move as a proactive step in embracing technological innovation and diversifying revenue streams.
As states weigh the potential benefits of holding their own BTC reserves, one thing is clear: Bitcoin is no longer just a speculative asset – it has become an integral part of the American economic conversation at both state and national levels.
Source: bravenewcoin.com
