Georgia proposes bill seeking to allow state Treasury to invest in Bitcoin

BlockBeats News: On February 14th, according to Bitcoin Magazine, a US senator from Georgia proposed a bill seeking to allow the state Treasury to invest in Bitcoin. This bill will revise the provisions of Title 50, Chapter 17, Section 3 of the Georgia Official Code regarding state custody agencies, authorizing the state custody commission to allow the state treasury to invest in Bitcoin. The bill will also set limits on investment quotas and provide provisions for the safe handling of related assets and lending.