CandleFocus United States of Bitcoin? These States Are Considering BTC Reserves
2024-12-21
Author: Content Editor
Donald Trump and his political allies are pushing to stockpile Bitcoin at a national level in the US Treasury. Following the cryptocurrency's recent price surges, several states, including Texas, Pennsylvania, and Ohio, are considering establishing strategic Bitcoin reserves. These proposals aim to hold Bitcoin for a specific period, with Texas and Pennsylvania suggesting five years. The reserves would be kept in cold storage and used exclusively within the respective state. The bills also allow for donations to the states' Bitcoin funds. Advocates for digital assets are calling on other local governments to follow suit.
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