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Coin Edition 2025-01-29 16:45:00

Kentucky Rep. TJ Roberts Proposes Bitcoin Reserve Bill— Will More States Follow?

Kentucky Rep. TJ Roberts Proposes Bitcoin Reserve Bill— Will More States Follow?

TJ Roberts aims to make Kentucky the “Crypto Capital of the World” with new legislation. Roberts plans to remove sales tax on precious metals to fight inflation and protect citizens. Several states, including Kentucky, push for Bitcoin reserves to reduce reliance on the dollar. Kentucky Representative TJ Roberts has announced plans to introduce the Bitcoin Strategic Reserve Act next week. In a post on X (formerly Twitter), Roberts said the bill would strengthen Kentucky’s economy while positioning the state as the “Crypto Capital of the World.” He argued that inflation and flawed federal policies have made it necessary for states to take control of their financial future. Source: X Roberts believes Bitcoin reserves could help shield Kentuckians from economic instability. Back in 2024, in a February 6 press release , he said inflation is at an all-time high and that Kentucky needs an independent financial strategy. As part of his plan, he is also pushing to eliminate the sales tax on gold and silver, arguing that it would help protect purchasing power. Related: Analyst Predicts an Expanded Crypto Reserve Covering Bitcoin and Selected Altcoins Taking a… The post Kentucky Rep. TJ Roberts Proposes Bitcoin Reserve Bill— Will More States Follow? appeared first on Coin Edition .

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