Bitcoin Reserve Proposal Gains Momentum in Eight US States
- Bitcoin is nearing $110,000 amid rumors of a strategic reserve.
- Eight US states propose maintaining a Bitcoin reserve: Texas, Pennsylvania, Ohio, New Hampshire, North Dakota, Wyoming, Massachusetts, and Oklahoma.
- The initiative is driven by Senator Cynthia Lummis and aligns with Donald Trump’s pro-crypto stance.
- The proposed ‘Bitcoin Act’ would allow the US Department of Treasury to manage secure Bitcoin vaults.
Following Donald Trump’s election victory, eight US states have proposed creating a Bitcoin reserve to bolster the country’s crypto leadership. This aligns with Trump’s crypto-friendly policies and is spearheaded by Senator Cynthia Lummis. The ‘Bitcoin Act’ aims to empower the Treasury Department to oversee secure Bitcoin vaults.
Source (2.6)https://www.newsbtc.com/news/bitcoin-reserve-in-8-us-states-next-bull-run-coming/?rand=52377
