Crypto Daily – ($BTC) continues to attract interest from institutional investors, nation states, and now US states. A new all-time high of just over $108,000 may not last long, with buying likely to ramp up ahead of Trump’s inauguration in January.
Ohio, Pennsylvania, and other states, introduce Bitcoin legislation
Along with the institutions and the nation states, some of the states within the US are also looking at the practicalities of introducing strategic Bitcoin reserves. The latest state to consider such a move is Ohio. It proposes the establishment of a Bitcoin reserve fund in order to hedge against the debasement in the US dollar.
Another state with similar interests is Pennsylvania, which recently introduced the Pennsylvania Bitcoin Strategic Reserve Act. This would allow its state treasury to invest up to 10% of its funds into Bitcoin.
Texas, Florida, and others are preparing legislation which is likely to follow a similar path. Both Texas and…
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