Several U.S. states, including Utah, Arizona, and Illinois, are progressing legislation to establish strategic Bitcoin (BTC) reserves. The Blockchain and Digital Innovation Amendments bill in Utah has been revised to allow the State Treasurer to invest up to 5% of public funds in digital assets. Arizona's Strategic Reserve Bitcoin Act also seeks to permit investment of up to 10% of public funds in digital assets, while Illinois aims to hold BTC as a reserve asset to hedge against economic volatility. The Czech Republic's central bank is also considering investing billions of euros in digital assets, with Governor Aleš Michl suggesting that at least 5% of the bank's reserves will be held in BTC over time. The rise of BTC reserves has sparked a debate among "crypto bros" regarding the inclusion of other digital assets, such as Ripple's XRP token, in government reserves.



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