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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
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Multiple states in the U.S. are advancing Bitcoin reserve bills, with New Hampshire taking the lead.
Latest Developments on Bitcoin Strategic Reserve Bills in the U.S. States
Recently, multiple states in the United States are actively promoting legislation related to Bitcoin strategic reserves. These laws aim to allow state governments to purchase and hold Bitcoin as a reserve asset to hedge against inflation risks and promote economic development.
Currently, the bills in New Hampshire, Missouri, and Tennessee are making the most significant progress. The HB1279 bill in New Hampshire passed the House in January 2023 and is now awaiting Senate review. The bill proposes to allow the state's Department of Finance to invest in Bitcoin and other cryptocurrencies.
The SB106 bill in Missouri has also passed the Senate and is currently under review in the House of Representatives. This bill not only allows the state government to purchase Bitcoin but also considers it as legal tender. Similarly, the HB1479 bill in Tennessee has been approved by the House and is currently in the Senate review stage.
Other states are also discussing similar bills. For example, Texas's SCR29 resolution proposes to include Bitcoin as part of the state's reserve assets, while Wyoming's SF100 bill focuses on how to integrate Bitcoin into the state financial system.
The advancement of these bills reflects the recognition by some state governments in the United States of the potential of Bitcoin as a reserve asset. However, given the volatility of the Bitcoin market and the uncertainty of the regulatory environment, there are still many challenges to whether these proposals can ultimately be passed and implemented.
As discussions deepen, state governments will need to weigh the potential benefits and risks of Bitcoin investments and formulate corresponding management strategies. The development of this trend will have far-reaching implications for cryptocurrency policies in the United States and globally.