Bill Introduced To Let Tennessee Buy Bitcoin

• A measure was introduced successful Tennessee to let the authorities and municipalities to put successful bitcoin.
• Another measure introduced the aforesaid time seeks to found a moving radical to survey however Tennessee could go the nation’s apical destination for Bitcoin businesses.
• State Representative Jason Powell introduced some bills.

Democrat Representative Jason Powell introduced a draught measure to let the authorities of Tennessee and different municipalities to put successful bitcoin, cryptocurrencies, and NFTs.

Tennessee House Bill 2644, “as introduced, authorizes a county, municipality, oregon the authorities to put successful cryptocurrency, blockchains, and non-fungible tokens,” according to the measure summary.

The measure was introduced connected February 2 and assigned to the House Finance, Ways, and Means Subcommittee connected Tuesday, wherever it stands for further information by committee representatives.

Powell besides introduced Tennessee House Bill 2643 connected the aforesaid time to found a blockchain and cryptocurrency survey committee “to assistance find however to marque [Tennessee] the astir guardant reasoning and pro-business authorities for cryptocurrency and blockchain and to foster a affirmative economical situation for blockchain and cryptocurrency,” per the measure text.

The projected committee would conscionable astatine slightest erstwhile a period and beryllium composed of the commissioner of commerce and security oregon their designee; the commissioner of fiscal institutions oregon their designee; 1 typical with acquisition oregon cognition successful cryptocurrency, from an world institution, designated by the chair; 1 typical from a fiscal institution, assigned by the talker of the location of representatives; and 1 typical with acquisition successful national securities laws, designated by the talker of the senate.

House Bill 2643 was assigned to the Business and Utilities Subcommittee connected Tuesday for further consideration.

Lawmakers person been actively submitting Bitcoin-related proposals to kickstart 2022. On January 28, Senator Wendy Rogers from Arizona introduced a bill proposing to marque bitcoin a ineligible tender successful the state. If enacted, the measure would alteration citizens to wage debts, nationalist charges, taxes, and dues with bitcoin and found the integer currency arsenic a lawful mean of speech successful Arizona.