{
Giovanni Capriglione

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 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
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
Japan considers strategic Bitcoin reserve as global adoption accelerates
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.
NewsBTC
United States Dollar USA JPN Donald Trump Ali Martinez Satoshi Hamada Giovanni Capriglione Show more
Finance & Economy, Market Report
04:30 15.12.2024
Japanese lawmaker proposes national bitcoin reserve amid global interest
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 $103,000. While Hamada's party holds limited seats, support from influential figures like Yuichiro Tamaki may bolster the proposal's chances.
Decrypt
Polish Złoty Brazilian Real Russian Ruble United States Dollar Apple Inc. BRA POL RUS USA JPN Donald Trump Satoshi Nakamoto Satoshi Hamada Cynthia Lummis Giovanni Capriglione Yuichiro Tamaki Show more
Cryptocurrency News, News Article
22:41 13.12.2024
Texas and Pennsylvania move towards strategic Bitcoin reserves boosting cryptocurrency economy
Texas is set to establish a strategic Bitcoin reserve, allowing the state to accept Bitcoin donations, fees, and taxes, with a five-year holding requirement. This initiative, announced by Rep. Giovanni Capriglione, aims to combat inflation and enhance the state's financial strategy, following similar moves by Pennsylvania. Meanwhile, the presale of the meme coin Crypto All-Stars ($STARS) has gained traction, raising over $15.3 million ahead of its launch, benefiting from the recent Bitcoin rally.
NewsBTC
BlackRock, Inc. USA Mike Cabell Dennis Porter Giovanni Capriglione Show more
Finance & Economy, Market Report
15:17 13.12.2024
Texas lawmaker proposes bill to create strategic bitcoin reserve in treasury
A Texas lawmaker has introduced the Texas Strategic Bitcoin Reserve Act, aiming to establish a Bitcoin reserve within the state treasury. This initiative allows residents to voluntarily contribute Bitcoin, which must be held for a minimum of five years, promoting community investment and financial security amid economic volatility.
dailyhodl.com
USA Dennis Porter Giovanni Capriglione
Finance & Economy, News Article
13:45 13.12.2024
Texas lawmakers propose state-managed Bitcoin reserve to enhance financial stability
Texas lawmakers have introduced a bill to create a state-managed Bitcoin reserve, allowing the collection of taxes and donations in Bitcoin, with assets held for at least five years. The initiative aims to explore Bitcoin's potential in public finance and enhance the state's role in digital innovation, reflecting a growing national interest in cryptocurrency as a financial tool. This proposal, developed with input from the Satoshi Action Fund, is part of a broader movement among states considering similar legislation.
CryptoSlate
USA Donald Trump Cynthia Lummis Dennis Porter Giovanni Capriglione Show more
Finance & Economy, News Article
00:15 13.12.2024
Texas lawmaker proposes creation of strategic Bitcoin reserve for state treasury
A Texas lawmaker has proposed the "Texas Strategic Bitcoin Reserve Act," which aims to establish a Bitcoin reserve within the state treasury, requiring the comptroller to hold Bitcoin for at least five years. The initiative, backed by donations from residents and companies, seeks to avoid using taxpayer funds. Similar proposals for Bitcoin reserves have emerged in other states following the 2024 elections, reflecting a growing interest in cryptocurrency at the state level.
Cointelegraph
USA Donald Trump Dennis Porter Giovanni Capriglione Show more
Regulatory & Legal, News Article
20:41 12.12.2024
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