Lawmakers successful Kentucky and South Dakota are preparing to present authorities to found a Bitcoin (BTC) reserve successful the adjacent fewer weeks, according to statements made connected Jan. 28.
South Dakota Representative Logan Manhart announced that helium volition present a measure successful the South Dakota House to make a strategical Bitcoin reserve. He added that this is “one of the fewer chances” the authorities has astatine being proactive.
Meanwhile, Kentucky Representative TJ Roberts said helium volition suggest a akin authorities successful the archetypal week of his instrumentality to the General Assembly.
Several states person introduced akin authorities successful an effort to front-run the national government, which is present looking astatine the feasibility of a crypto reserve aft President Donald Trump signed an enforcement order to bash truthful connected Jan. 23.
Wyoming and Massachusetts are the latest among 8 states that person introduced Bitcoin-related authorities since December 2024.
Just the beginning
Dennis Porter, CEO and co-founder of the Satoshi Action Fund revealed connected Jan. 27 that the Bitcoin reserve measure introduced successful Arizona by Senator Wendy Rogers and Representative Jeff Weninger was the archetypal to walk retired of committee and spell for a level ballot successful the Senate.
the accusation connected Jan. 27.
Meanwhile, Representatives Mike Cabell, Giovanni Capriglione, and Derek Merrin introduced plans for authorities investments successful Bitcoin in Pennsylvania, Texas, and Ohio, respectively, successful December 2024.
Additionally, New Hampshire and North Dakota enacted akin moves earlier this month.
If Kentucky and South Dakota lawmakers fulfill their promises, the fig of states successful the US with authorities regarding a Bitcoin reserve volition summation to 14. This would adjacent the gap shared by Porter connected Jan. 17, consisting of introducing Bitcoin reserve bills successful 15 antithetic US states.
However, the Satoshi Action Fund published a statement connected Jan. 27 that the filings are conscionable “the opening of the journey.”
The steadfast added:
“To genuinely marque an impact, we indispensable absorption connected advancing and enacting strategical Bitcoin reserve authorities into law, turning these proposals into actionable policies that volition signifier a stronger, much resilient fiscal aboriginal for ALL Americans.”
The station South Dakota and Kentucky lawmakers to suggest Bitcoin reserve legislation appeared archetypal connected CryptoSlate.