President Donald Trump has tasked considered one of his President’s Working Teams with assessing the feasibility of putting crypto in “a national digital asset stockpile.”
This got here after Trump promised that he would create a “strategic national bitcoin stockpile.”
Whereas this stockpile nonetheless appears a means off, lawmakers throughout the US have submitted varied payments that may permit their states to create “crypto reserves.” Protos has compiled the present standing of those varied payments, none of which have been efficiently handed.
Most of the payments are nonetheless into account, however one has already failed. Wyoming, the house state of Senator Cynthia Lummis, who has proposed a invoice for a nationwide Strategic Bitcoin Reserve, had a invoice that may have enabled the state funds to spend money on bitcoin. Nonetheless, the invoice failed within the Minerals committee.
Florida has began investing in cryptocurrency-related property by means of its pension fund, even earlier than its invoice was thought-about. Moreover, Samuel Armes, a crypto lobbyist who deliberate to assault the Capitol and who leads the Florida Blockchain Enterprise Affiliation, is assured that this quantity may very well be elevated.
Different states like Illinois have had payments submitted which are terribly unlikely to be handed, submitted by minority events who need to talk about points which are vital to them, their constituents, or maybe their donors.
In complete, 24 states within the US are at the moment contemplating or have thought-about payments that allow or develop public funding in cryptocurrencies.