State-Led Crypto Adoption: Michigan Proposes Strategic Bitcoin Reserve
Michigan has recently taken a significant step in the realm of cryptocurrency policy, becoming the latest US state to propose the creation of a strategic Bitcoin reserve. On February 13, Representatives Bryan Posthumus and Ron Robinson introduced HB 4087, a bill aimed at amending the state’s Management and Budget Act. This proposed legislation would allow […]
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Pro-crypto US Senator Cynthia Lummis is intensifying her efforts to advance the Bitcoin Strategic Reserve Act, a proposal introduced by President-elect Donald Trump during the National Bitcoin Conference earlier this year. This initiative aims to position the United States at the forefront of BTC adoption, starkly contrasting the regulatory landscape under the Biden administration. Lummis […]
In a major development, the Texas State Government has officially signed a strategic Bitcoin reserve into law thereby diversifying its financial investment strategy. Following this event, Texas officially became the third US State to own a Bitcoin reserve fund under five months of the pro-crypto Donald Trump administration. Related Reading: Bitcoin In The Waiting Room […]
Arizona has advanced Senate Bill 1025 — also known as the “Arizona Strategic Bitcoin Reserve (SBR) Act” — out of committee, positioning it to become the first US state to vote on legislation that would authorize investing state funds in Bitcoin. Dennis Porter, CEO and founder of the advocacy group Satoshi Act Fund, broke the […]
Utah’s State Senate has exited the Strategic Bitcoin Reserve (SBR) race after amending the proposed bill allowing the state treasury to invest in digital assets. The amended legislation is now headed to Utah Governor Spencer Cox’s desk to be signed into law. Related Reading: Coinbase Hiring Spree: 1,000 Jobs Incoming As Crypto Regulations Improve Utah […]
Ukraine’s strategic path to Bitcoin adoption would likely include nuclear-powered mining, and holding Bitcoin as a state reserve asset.