{
}
Oklahoma Senator Dusty Deevers has introduced the Bitcoin Freedom Act (SB325), allowing employees to opt for Bitcoin as a salary payment and enabling businesses to accept BTC for transactions. The bill aims to provide a framework for secure Bitcoin use while respecting voluntary participation, amidst concerns over inflation eroding the dollar's value. This initiative aligns with similar efforts in other states to establish Bitcoin reserves and promote cryptocurrency adoption.
Oklahoma Senator Dusty Deevers has introduced the Bitcoin Freedom Act (SB325), allowing employees to receive wages in Bitcoin and enabling businesses to accept it as payment. This initiative aims to enhance financial flexibility and position Oklahoma as a leader in financial technology, responding to inflation concerns. The bill will be considered in the upcoming legislative session starting February 3, following previous legislation that established a legal framework for digital assets in the state.
Bitcoin adoption is surging in the U.S., with 13 states proposing strategic reserves to enhance economic stability amid rising inflation. Inspired by El Salvador, states like Texas and Ohio are leading initiatives to integrate Bitcoin into their financial systems, while discussions at the federal level gain traction under the Trump administration. Other nations, including Hong Kong and Brazil, are also exploring Bitcoin as a strategic asset, despite some countries expressing caution due to market volatility.
Michael Saylor advocates for the US to establish a strategic Bitcoin reserve, potentially generating $81 trillion for the Treasury and enhancing the dollar's strength. While some legislators support this initiative, critics like Peter Schiff warn it could weaken the economy. States like Ohio, Texas, and Pennsylvania are exploring similar proposals to incorporate Bitcoin into their financial strategies.
Several U.S. states, including Texas, Pennsylvania, and Ohio, are proposing legislation to establish strategic Bitcoin reserves amid concerns over the devaluation of the U.S. Dollar. Texas aims to create a Bitcoin stockpile with a five-year holding requirement, while Pennsylvania's bill allows the state Treasurer to invest up to 10% of various funds into Bitcoin. Ohio's proposal grants the State Treasurer discretionary power to purchase Bitcoin, reflecting a growing trend among states to leverage digital assets for financial security.
Ohio State Representative Derek Merrin has introduced the Ohio Bitcoin Reserve Act, aiming to allow the state treasurer to invest surplus funds in Bitcoin to hedge against dollar devaluation. This initiative reflects a growing trend, with similar proposals emerging in Texas and Pennsylvania. Bitcoin's value has surged significantly this year, trading at $104,500, as lawmakers seek to strengthen state investment portfolios.
Ohio State Representative Derek Merrin has introduced House Bill 703, the “Ohio Bitcoin Reserve Act,” which would allow the state treasury to invest in Bitcoin. This legislation aims to create a dedicated BTC fund, providing the State Treasurer with the authority to purchase and hold Bitcoin as a strategic reserve asset amid concerns over the devaluation of the US dollar. Ohio could become the third state to establish such a reserve, following Texas and Pennsylvania, as part of a growing trend among states to embrace Bitcoin for financial stability.
Ohio Representative Derek Merrin has introduced House Bill 703, allowing the state treasury to invest in Bitcoin to address concerns over the devaluation of the U.S. dollar. The bill aims to create a BTC fund, granting the state treasurer authority to allocate funds flexibly as part of Ohio's financial strategy. If not passed before the current legislative session ends on December 31, 2024, the proposal will need to be reintroduced in the next session starting January 2025.
Ethereum spot ETFs have seen a significant net inflow of $145 million, reflecting growing institutional interest, with BlackRock’s ETHA leading at $3.365 billion. Grayscale’s ETH also contributed, increasing its net inflow to $616 million, while cumulative net assets for Ethereum spot ETFs reached $14.04 billion.In related news, President-elect Trump met with Crypto.com CEO Kris Marszalek to discuss establishing a U.S. Strategic Bitcoin Reserve, aimed at enhancing economic security and consolidating government-held Bitcoin. This initiative follows Trump's engagement with other crypto leaders and coincides with Bitcoin hitting an all-time high of $108,268.45.
Wyoming Senator Cynthia Lummis has introduced the BITCOIN Act of 2024, aiming to establish a national Bitcoin reserve to enhance the U.S. dollar's global standing. The initiative seeks to accumulate 1 million Bitcoin over five years, funded by reallocating existing Federal Reserve assets. With Donald Trump’s administration poised to support this legislation, Lummis envisions a transformative impact on the nation's financial strategy.
Derek Merrin
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Oklahoma senator proposes Bitcoin Freedom Act for salaries and payments
10:30 10.01.2025
Oklahoma Senator proposes Bitcoin Freedom Act to enhance crypto adoption
18:05 09.01.2025
bitcoin adoption accelerates as states push for strategic reserves
Hong Kong Dollar
Polish Złoty
United States Dollar
Brazilian Real
Apple Inc.
POL
HKG
USA
DEU
BRA
SLV
JPN
Derek Merrin
Cynthia Lummis
Christian Lindner
Giovanni Capriglione
Dennis Porter
Show more
18:26 03.01.2025
Michael Saylor proposes strategic Bitcoin reserve to boost US wealth and economy
United States Dollar
MicroStrategy Incorporated
USA
SLV
Donald Trump
Michael J. Saylor
Derek Merrin
Peter Schiff
Show more
04:23 23.12.2024
states explore strategic bitcoin reserves amid economic concerns
15:52 21.12.2024
Ohio proposes state-backed Bitcoin reserve to combat dollar devaluation
19:47 18.12.2024
Ohio Lawmaker Proposes Bitcoin Reserve Act to Strengthen State Finances
10:30 18.12.2024
Ohio proposes bill for state treasury to invest in Bitcoin
09:49 18.12.2024
ethereum spot etfs attract 145 million in institutional inflows
United States Dollar
BlackRock, Inc.
Coinbase Global, Inc.
Grayscale Litecoin Trust
USA
Howard Lutnick
Brian Armstrong
Kris Marszalek
Derek Merrin
Donald Trump
Paul Atkins
Show more
08:45 18.12.2024
Cynthia Lummis proposes national Bitcoin reserve to enhance US financial standing
Apple Inc.
USA
BRA
Sebastian Sinclair
David O. Sacks
Derek Merrin
Cynthia Lummis
Donald Trump
Mike Cabell
Show more
06:18 18.12.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Finance Mergers & Acquisitions
Global Trade Developments
Global Financial Events
Banking Regulations
Hedge Funds & Private Equity
Market Analysis and Predictions
Retail and Consumer Goods
CEO Changes
Startups & Entrepreneurship
Industry Mergers & Acquisitions
Government Policies
Financial Scams and Security
Government Economic Policies
Inflation and Monetary Impact
Central Bank Actions
GDP Growth & Recession Forecasts
Commodities
Countries:
Companies:
JPMorgan Chase & Co.
Barclays PLC
Apple Inc.
Tesla, Inc.
The Goldman Sachs Group, Inc.
Bank of America Corporation
Berkshire Hathaway Inc.
Wells Fargo & Company
Morgan Stanley
Banco Santander, S.A.
Citigroup Inc.
Microsoft Corporation
Commerzbank AG
Amazon.com, Inc.
Deutsche Bank Money Market PP
SpaceXCoin USD
UBS Group AG
Lloyds Banking Group plc
NVIDIA Corporation
AMERICAN EXPRESS
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Indian Rupee
Japanese Yen
Chinese Yuan
South Korean Won
Canadian Dollar
United Arab Emirates Dirham
New Taiwan Dollar
Vietnamese Đồng
Danish Krone
Indonesian Rupiah
Russian Ruble
Singapore Dollar
Chilean Peso
Egyptian Pound
Cambodian Riel
Israeli New Shekel
People: