#Multiple U.S. States Propose Legislation to Hold Bitcoin Reserves#
Hot Topic Overview
Overview
Currently, multiple states in the US are actively pushing legislation to include Bitcoin in their state strategic reserves. Dennis Porter, co-founder of the Satoshi Action Fund, said that he expects 20 related bills to be introduced at the state level, with potentially multiple bills coming from the same state. These bills are mostly based on the SBR (Strategic Bitcoin Reserve) model proposed by the fund. Lawmakers are fiercely competing to be the first state to include Bitcoin in their state reserves. Currently, 14 states are ready to introduce related legislation.
Ace Hot Topic Analysis
Analysis
As many as 20 “Strategic Bitcoin Reserve” bills are set to be introduced at the state level in the US, with lawmakers vying to be the first in history to pass such legislation. The vast majority of these bills will be based on the SBR (Strategic Bitcoin Reserve) model proposed by the Satoshi Action Fund. Dennis Porter, co-founder of the Satoshi Action Fund, said that there could be multiple bills within the same state, with lawmakers competing to be the first in history. Previously, Porter stated that the 14th US state is now poised to introduce “Strategic Bitcoin Reserve” legislation. This signifies that multiple US states are actively considering incorporating Bitcoin into their fiscal reserves, marking a significant breakthrough for the US government in the cryptocurrency space and potentially having a profound impact on the global cryptocurrency market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Multiple states in the US are actively pushing legislation to include Bitcoin in state strategic reserves.
These bills are mostly based on the SBR model proposed by the Satoshi Action Fund.
Lawmakers are vying to be the first state to pass such legislation.
It is expected that more than 20 related bills will be proposed at the state level.