The topic of directing public funds towards digital assets is currently gaining attention in U.S. states. Approximately 21 states are either evaluating or taking steps to invest in Bitcoin $96,850 and digital assets pegged to the U.S. dollar. These developments have emerged in conjunction with strategic reserve initiatives planned on a national scale.
State Cryptocurrency Asset Strategies
States such as Arizona, Pennsylvania, Utah, and Texas are working on legislative measures to enable the transfer of public funds to cryptocurrency-like assets. In some states, proposals exist for allocating a portion of retirement funds to digital assets. These efforts aim to diversify state investments and embrace technological innovations.
Investment and Legislative Developments
Previously, Michigan and Wisconsin allowed cryptocurrency inclusion in public employee retirement portfolios. Some states propose strategic reserves that would permit up to 10% of p…
Read Entire Article
Screenshot generated in real time with SneakPeek Suite
BitRss World Crypto News | Market BitRss | Crypto Deals | Short Urls
Design By New Web | ScriptNet