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Multiple U.S. states advance Bitcoin state reserve legislation, with Texas being the first to pass it.
Overview of Progress on Bitcoin Strategic Reserve Legislation in Various U.S. States
Recently, several states in the United States have proposed bills to include Bitcoin as part of their state reserves. These proposals aim to diversify state financial assets by holding Bitcoin to mitigate the risks of inflation and economic volatility. Currently, the progress of the bills in various states varies, with some already passed and others still under review.
Texas has taken the lead in passing a related bill that allows state government agencies to hold Bitcoin. Following closely is New Hampshire, where the state House has approved a bill that permits the state Treasury Department to consider Bitcoin as one of its investment options.
Missouri is also actively promoting similar legislation, with the state Senate passing a bill that allows the state to hold digital assets. The bill is currently awaiting the governor's signature to become law.
Legislators in Indiana and Wyoming have also proposed relevant measures, but they have not yet been passed. These proposals similarly aim to authorize state governments to invest in digital assets such as Bitcoin.
The situation in Louisiana is slightly different, as the bill proposed in the state not only involves Bitcoin investment but also includes support for cryptocurrency mining activities.
Overall, these legislative trends reflect the increasing importance that various states in the United States place on digital assets such as Bitcoin, as well as the trend of incorporating them into state-level financial strategies. However, these proposals still face scrutiny and discussion from legislative bodies and the public, and their final outcomes remain to be seen.