CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
crypto.news 2025-01-17 21:41:54

Massachusetts becomes 8th US state to propose BTC reserve laws

Some 15 U.S. states, including Massachusetts, have reportedly been working on Bitcoin reserves legislation just days before Donald Trump’s inauguration. A bill to establish a Bitcoin ( BTC ) treasury in Massachusetts was introduced by State Senator Peter Durant, making it the eighth U.S. state to propose such legislation amid rising crypto interest with the incoming pro-BTC president. Sen. Durant’s Strategic Bitcoin Reserve bill bill signals growing state-level BTC adoption ahead of Donald Trump’s return to the White House. https://twitter.com/Dennis_Porter_/status/1880349740652785918 You might also like: News Wyoming proposes Bitcoin investments for state funds Policymakers have encouraged fellow lawmakers to support SBR proposals in over a dozen states, including Texas, which is home to at least 27 Bitcoin mining operations, according to the Texas Blockchain Council. Texas is also one of the three largest local economies in the United States. Wyoming, Oklahoma, New Hampshire, Ohio, and Pennsylvania have formally introduced laws to establish BTC reserves. https://twitter.com/Dennis_Porter_/status/1880349740652785918 Whether states will pass an SBR law before federal legislators remains uncertain. In Washington, crypto ally Senator Cynthia Lummis and other senior members of Congress are rallying support for a national Bitcoin reserve. Lummis suggested law changes at the Treasury to permit holding BTC on the U.S. government’s balance sheet. In the days leading up to Jan. 20, reports have surfaced of industry heavyweights lobbying Trump to sign an executive order on Bitcoin. A council led by White House crypto czar David Sacks has also been identified as a key priority for blockchain advocates. Read more: Crypto to be made a national priority in rumored Trump executive order

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.