Hi HODLers, Hiveans and Lions,
- Texas
Texas State Representative Giovanni Capriglione proposed a bill in December 2024 that calls for the Lone Star State to create a Bitcoin stockpile.
The draft legislation states that Texas must hold the Bitcoin for at least five years. It will have to be kept in cold storage in some kind of device not connected to the internet.
- Pennsylvania
The Pennsylvania House of Representatives put forth a bill in November 2024 that called for the establishment of a strategic Bitcoin reserve.
Under this bill, the state of Pennsylvania could buy up to 10% of the State General Fund, Rainy Day fund (I had no idea they had one such fund) and the State Investment Fund.
- Ohio
Ohio State Representative Derek Merrin on December 17, 2024 proposed a bill to establish a strategic Bitcoin reserve in the Buckeye State.
What's interesting about Ohio is that Vivek is expected to run for the Republicans to try to become Ohio's next Governor. He is a Bitcoin advocate and would probably speed up this process.
- New Hampshire
New Hampshire Rep. Keith Ammon set forth a bill on January 10, 2025 to enable the state’s Treasury to invest in Bitcoin. While Bitcoin is not mentioned by name in the bill, it's the only cryptocurrency that would currently be eligible based on the high market cap requirements.
- North Dakota
North Dakota legislators put forth a resolution on January 10, 2025 to invest selected state funds in digital assets.
And many more that I do not think I should here.
In the end, it just shows the support for Bitcoin at the Federal and State levels!
Exciting times ahead!
Stay safe,