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Author: Admin | 2025-04-27
Over BTC’s volatility could pose challenges for legislators and the public. He, however, added that the successful passing of the BTC reserve bills by enough states could ‘lay the groundwork for a broader conversation about the federal Bitcoin reserve in the near future.Bitcoin Laws, a crypto legislation tracking platform, highlighted that over 20 States had introduced BTC and crypto reserve bills. However, progress data provided on the platform showed that the bills in Wyoming and North Dakota had failed. “The tipping point will be when one state formally adopts BTC in reserves. After that, it’s game on.”–Isaac Joshua, CEO at Gems Launchpad Texas Lieutenant Governor Dan Patrick listed the Texas Bitcoin Reserve among his top 40 legislative priorities.Pennsylvania leads the charge in strategic Bitcoin reserve implementation According to Fox Business, Pennsylvania became the first state to introduce a BTC reserve bill in November 2024. Since then, several other states have proposed or passed similar legislation. These states include Florida, Alabama, Massachusetts, Kentucky, Montana, New Hampshire, Oklahoma, Ohio, South Dakota, and 18 others. Utah, which has had a digital asset task force since 2022, could be the first U.S. state to establish a fully regulated BTC reserve. Rep. Ben Keathley led Missouri in introducing the second BTC reserve bill. If passed, Missouri’s new BTC reserve regulation would allow the state to hold and accept Bitcoin for government transactions. Ohio also introduced two BTC reserve bills according to the Bitcoin Laws platform. The Ohio State Bill 57 authorizes the state to invest
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