Lawmakers in Maryland and Florida have proposed the "Bitcoin Reserve" bill

2025-02-08 07:59:28

Collection

ChainCatcher news, according to CoinDesk, Maryland Democratic representative Caylin Young has introduced a new bill to promote the establishment of a Bitcoin strategic reserve, similar to the reserve envisioned by U.S. Senator Cynthia Lummis. In Maryland, this reserve will be funded through enforcement revenue from gambling violations. Legislation in Kentucky was also introduced this week, with two bills that will allow state pension funds to invest in digital asset ETFs. These bills will also set barriers to the use of central bank digital currencies (CBDCs).

According to The Block, Florida Republican Senator Joe Gruters submitted a bill on Friday proposing to allow the state to invest in Bitcoin and other cryptocurrencies. According to the submitted documents, the senator suggests that Florida's Chief Financial Officer could use public funds "to invest in Bitcoin and other digital assets for specific purposes."

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.

Cryptocurrency Market under the "New Trump Era"

In the era of Trump 2.0, how will U.S. regulation and policy affect the cryptocurrency market and trends?

Topic or theme