{
}
North Dakota lawmakers have introduced a resolution encouraging the inclusion of digital assets and precious metals in the state treasury to combat inflation. Sponsored by six Representatives and two Senators, the proposal aims to diversify the state's financial resources without mandating action. This initiative aligns with similar efforts in New Hampshire, Pennsylvania, Texas, Alabama, and Florida to explore Bitcoin as a strategic reserve.
New Hampshire has introduced a bill to create a strategic reserve of digital assets, allowing up to 10% of public funds, approximately $360 million, to be invested in Bitcoin and US-pegged stablecoins. The legislation mandates secure custody solutions and regulatory approval for exchange-traded products. This move aligns with a growing trend among states to diversify public funds through cryptocurrency, with similar proposals emerging in at least ten other states.
Oklahoma's Bitcoin Freedom Act, introduced by Senator Dusty Deevers, aims to legalize Bitcoin payments for wages and business transactions, enhancing financial autonomy and protecting against inflation. The voluntary measure allows companies and employees to negotiate Bitcoin pay based on market value, promoting fairness and financial sovereignty. A review of the legislation is set for February 3, 2025, as Oklahoma seeks to lead in adopting innovative financial technologies.
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.
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 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.
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.
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.
Japanese MP Satoshi Hamada has called for the establishment of a Strategic Bitcoin Reserve, aligning Japan with global trends as countries like the US and Texas explore similar initiatives. This move reflects a growing institutional interest in Bitcoin as a strategic reserve asset, particularly amid rising inflation concerns. Meanwhile, Bitcoin has recently surpassed $100,000, with analysts predicting a potential market peak in October 2025, supported by strong demand levels.
A Japanese lawmaker, Satoshi Hamada, has proposed the creation of a national Bitcoin reserve, submitting a formal request to the National Diet. This initiative follows similar proposals from lawmakers in countries like Russia, Brazil, and the U.S., amid Bitcoin's recent surge to over $103,000. While Hamada's party holds limited seats, support from influential figures like Yuichiro Tamaki may bolster the proposal's chances.
Giovanni Capriglione
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
north dakota lawmakers propose adding bitcoin to state treasury portfolio
United States Dollar
USA
Giovanni Capriglione
Keith Ammon
Jimmy Patronis
Nathan Toman
Andrew Sorrell
Matthew Heilman
Bob Paulson
Todd Porter
Mike Cabell
Daniel Johnston
SuAnn Olson
Jeff Barta
Jared Hendrix
Show more
00:45 11.01.2025
New Hampshire proposes Bitcoin reserve for state treasury investments
Tether USDt CNY
USD Coin JPY
USA
Giovanni Capriglione
Keith Ammon
Jimmy Patronis
Dennis Porter
Mike Cabell
Andrew Sorrell
Show more
19:25 10.01.2025
Oklahoma proposes Bitcoin Freedom Act to legalize cryptocurrency payments for wages
10:00 10.01.2025
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
states explore strategic bitcoin reserves amid economic concerns
15:52 21.12.2024
Ohio proposes bill for state treasury to invest in Bitcoin
09:49 18.12.2024
Ohio proposes bill to create state Bitcoin reserve for public funds
United States Dollar
Apple Inc.
USA
Giovanni Capriglione
Niraj Antani
Derek Merrin
Cynthia Lummis
Donald Trump
Mike Cabell
Show more
02:27 18.12.2024
Ohio lawmaker proposes Bitcoin reserve bill to enhance state treasury investments
United States Dollar
Coinbase Global, Inc.
USA
Giovanni Capriglione
Derek Merrin
Donald Trump
Mike Cabell
Show more
01:14 18.12.2024
Japan considers strategic Bitcoin reserve as global adoption accelerates
United States Dollar
USA
JPN
Donald Trump
Ali Martinez
Satoshi Hamada
Giovanni Capriglione
Show more
04:30 15.12.2024
Japanese lawmaker proposes national bitcoin reserve amid global interest
Polish Złoty
Brazilian Real
Russian Ruble
United States Dollar
Apple Inc.
BRA
POL
RUS
USA
JPN
Donald Trump
Satoshi Nakamoto
Satoshi Hamada
Cynthia Lummis
Giovanni Capriglione
Yuichiro Tamaki
Show more
22:41 13.12.2024
Trending
Subcategory
Industry Trends
Corporate News
Supply Chain Management
Global Trade Developments
Startups & Entrepreneurship
Government Economic Policies
Industry Mergers & Acquisitions
Retail and Consumer Goods
Finance Mergers & Acquisitions
Financial Scams and Security
Fintech Startups
Emerging Startups
Workplace Trends
CEO Changes
Venture Capital Investments
Cryptocurrency Trends
Funding Rounds & Investments
Energy Sector Developments
Market Analysis and Predictions
Stock Market Updates
Countries:
Companies:
Apple Inc.
Google Inc.
NVIDIA Corporation
Delhivery Limited
Ecom Express Ltd.
Alphabet Inc.
OpenAI ERC USD
Ciscom Corp.
ERICSSON - CLASS B
Physicswallah Ltd.
Learning Resources Inc.
MGA Entertainment Inc.
State Street Global Advisors Luxembourg SICAV - SSGA EMU ESG Screened Equity Fund
Snap Inc.
Tiktok USD
Semiconductor Manufacturing International Corporation
Hua Hong Semiconductor Ltd.
Spotify Technology S.A.
Dropbox, Inc.
Vimeo, Inc.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
United Arab Emirates Dirham
Vietnamese Đồng
New Taiwan Dollar
Russian Ruble
South Korean Won
Pakistani Rupee
Algerian Dinar
Australian Dollar
Thai Baht
Japanese Yen
Saudi Riyal
People:
Donald Trump
Ilya Sutskever
Peter Thiel
Amal El Fallah Seghrouchni
Trixie Lohmirmand
Scott Bessent
Jamieson Greer
Joe Jurken
Stephen Roachford
David French
Rick Woldenberg
Marc Rosenberg
Isaac Larian
Hichem Djouhri
Laurina Emmanuel
Tim Cook
Andrew Ferguson
Sheryl Sandberg
Mark Zuckerberg
Pavel Prass