Alabama and Minnesota Push for State Bitcoin Reserves
- Minnesota’s House File 2946 and Senate File 2661 propose direct Bitcoin investments by the state.
- Alabama’s Senate Bill 283 and House Bill 482 limit digital asset eligibility to those with a market cap of at least $750 billion, currently only met by Bitcoin.
- If passed, Alabama’s law would take effect on October 1, 2025, and Minnesota’s on January 1, 2026.
- The Alabama legislation restricts digital asset holdings to a maximum of 10% of any state fund.
Both Alabama and Minnesota are advancing legislative frameworks to incorporate Bitcoin into state reserves, reflecting a broader trend among U.S. states exploring cryptocurrency as a strategic reserve asset.
Source (2.6)https://decrypt.co/312812/alabama-minnesota-advance-bitcoin-reserve-plans-with-companion-bills?rand=52368
