Maryland Proposes Strategic Bitcoin Reserve Act
- Maryland has introduced the Strategic Bitcoin Reserve Act to establish a Bitcoin reserve fund.
- The bill is sponsored by Delegate Caylin Young.
- Funds from gambling violations would be invested in Bitcoin if the bill passes.
- At least 22 U.S. states are exploring digital asset investments, including Michigan and Wisconsin.
- New Mexico and Utah have also proposed or advanced similar cryptocurrency investment bills.
The Strategic Bitcoin Reserve Act in Maryland aims to allocate funds from gambling violations into Bitcoin, reflecting a broader trend among at least 22 U.S. states considering digital asset investments.
Source (2.6)https://coingape.com/maryland-proposes-bitcoin-reserve-act-amid-growing-crypto-adoption/?rand=24432
