U.S. States Explore Bitcoin Reserves for Public Funds
- 16 U.S. states are considering legislation to invest public funds in Bitcoin or cryptocurrencies.
- Utah’s bill, passed by the Economic Development and Workforce Services Committee, allows up to 5% of public funds in digital assets with over $500 billion market cap.
- New Mexico introduced a bill proposing a 5% allocation of public funds to Bitcoin.
- Arizona’s legislation permits up to 10% of public funds investment in cryptocurrencies, including pensions.
- Massachusetts allows up to 10% of its stabilization fund in digital assets.
A growing number of U.S. states are pursuing legislative measures to allow investment of public funds into Bitcoin and other cryptocurrencies, with Utah and New Mexico making notable progress on such proposals.
Source (2.6)https://decrypt.co/304890/third-of-us-states-bitcoin-crypto-public-funds?rand=52368
