{
Derek Merrin

People

}
states explore strategic bitcoin reserves amid economic concerns
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.
Decrypt
Apple Inc. USA Giovanni Capriglione Derek Merrin Cynthia Lummis Show more
Finance & Economy, News Article
15:52 21.12.2024
Ohio proposes state-backed Bitcoin reserve to combat dollar devaluation
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.
Crypto Briefing
Apple Inc. Bitcoin USD USA Donald Trump Derek Merrin Cynthia Lummis Show more
Finance & Economy, News Article
19:47 18.12.2024
Ohio Lawmaker Proposes Bitcoin Reserve Act to Strengthen State Finances
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.
Bitcoinist.com
USA Derek Merrin Cynthia Lummis Andrew Burchwell Donald Trump Show more
Finance & Economy, News Article
10:30 18.12.2024
Ohio proposes bill for state treasury to invest in Bitcoin
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.
CoinCodeCap
MicroStrategy Incorporated USA Derek Merrin Giovanni Capriglione Mike Cabell Show more
Finance & Economy, News Article
09:49 18.12.2024
ethereum spot etfs attract 145 million in institutional inflows
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.
crypto.news
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
Finance & Economy, Market Report
08:45 18.12.2024
Cynthia Lummis proposes national Bitcoin reserve to enhance US financial standing
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.
Decrypt
Apple Inc. USA BRA Sebastian Sinclair David O. Sacks Derek Merrin Cynthia Lummis Donald Trump Mike Cabell Show more
Regulatory & Legal, News Article
06:18 18.12.2024
Ohio proposes bill to create state Bitcoin reserve for public funds
Ohio Representative Derek Merrin has introduced House Bill 703, the Ohio Bitcoin Reserve Act, allowing the state treasury to invest in Bitcoin to protect public funds from devaluation. The bill grants the State Treasurer discretionary power for investments but does not mandate specific allocations. This initiative aligns with similar proposals in Pennsylvania and Texas, as states explore Bitcoin reserves to bolster financial stability.
Decrypt
United States Dollar Apple Inc. USA Giovanni Capriglione Niraj Antani Derek Merrin Cynthia Lummis Donald Trump Mike Cabell Show more
Finance & Economy, News Article
02:27 18.12.2024
Ohio lawmaker proposes Bitcoin reserve bill to enhance state treasury investments
Ohio House Republican leader Derek Merrin has introduced the Ohio Bitcoin Reserve Act, allowing the state treasurer to purchase Bitcoin as part of asset allocation. This initiative aims to protect tax dollars from devaluation and embrace technological advancements in finance. Similar legislation has been proposed in Texas and Pennsylvania, reflecting a growing trend among states to consider Bitcoin as a reserve asset.
Cointelegraph
United States Dollar Coinbase Global, Inc. USA Giovanni Capriglione Derek Merrin Donald Trump Mike Cabell Show more
Finance & Economy, News Article
01:14 18.12.2024
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