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- 🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas, - 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Another Bitcoin Bill Introduced in the US: Let's Establish Our Own Reserve as a State! - Coin Bulletin
Ohio State Representative Derek Merrin introduced the Ohio Bitcoin Reserve Act (HB 703) on Tuesday, which proposes the creation of a state-supported Bitcoin reserve.
The proposal aims to establish a Bitcoin reserve fund in the state treasury and to invest the state's temporary funds in Bitcoin. Please provide the text to be translated
Public funds want to protect with Bitcoin
In his statement on the X platform, Derek Merrin explained the purpose of the design with the following words:
Please provide the text to be translated HB 703 is considered a step in line with Ohio's commitment to encouraging innovation in digital assets. The bill text states that a strategic Bitcoin reserve is a move to enhance the state's financial security.
Expectation of Trump and national Bitcoin reserve
Republican Merrin said during the introduction of the bill that he foresaw the establishment of a national Bitcoin reserve during Donald Trump's presidency. He also referred to the bill proposed by Republican Senator Cynthia Lummis suggesting that the US should purchase 1 million BTC in the next five years.
Similar initiatives from other states
Ohio's attempt to create a Bitcoin reserve is parallel to similar efforts in other states in recent times. Suggestions for creating state-level Bitcoin reserve funds have also been brought up in states such as Texas and Pennsylvania.