news 
Title: Wyoming and HB0201: State Funds Eyeing Bitcoin Investments
In a groundbreaking move, the state of Wyoming is taking a bold step by proposing an innovative investment strategy. House Bill 0201 (HB0201), also known as the “State Funds-Investment in Bitcoin Act,” aims to allocate up to 3% of public funds into Bitcoin, marking a significant departure from traditional investing methods.
The proposed bill emphasizes securing and transparently managing these investments, ensuring that the state’s digital assets are protected and monitored in line with high-security standards. The bill outlines clear guidelines for holding BTC directly through qualified custodians or exchange-traded products developed by registered investment companies.
This monumental decision is a testament to Wyoming’s commitment to embracing innovation in financial strategies, as it paves the way for further exploration of digital assets’ role in long-term financial resilience and stability.
Source: www.crypto-news-flash.com
