#Multiple U.S. States Propose Legislation to Hold Bitcoin Reserves#
Hot Topic Overview
Overview
Multiple states in the U.S. are actively pushing legislation to include Bitcoin in their state strategic reserves. Dennis Porter, co-founder of the Satoshi Action Fund, said he expects 20 related bills to be introduced at the state level, with potentially multiple bills coming from the same state. These bills are largely based on the SBR model proposed by the fund, which aims to make states the first government entities in history to include Bitcoin in their reserves. Currently, 14 states are preparing to introduce related legislation, and lawmakers are fiercely competing to be the first to pass such a bill.
Ace Hot Topic Analysis
Analysis
As many as 20 “Strategic Bitcoin Reserve” bills are set to be introduced at the state level in the US, with lawmakers vying to be the first in history to pass such legislation. The vast majority of these bills will be based on the SBR (Strategic Bitcoin Reserve) model proposed by the Satoshi Action Fund. Dennis Porter, co-founder of the Satoshi Action Fund, says lawmakers are competing to be the first in history. Currently, 14 US states are poised to introduce “Strategic Bitcoin Reserve” legislation. These bills aim to include Bitcoin in state government reserve assets to address inflation and economic uncertainty. This move has sparked widespread debate, with proponents arguing that Bitcoin can serve as a store of value, while opponents worry about its volatility and regulatory risks.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
US
states
are
actively
pushing
to
include
Bitcoin
in
state
strategic
reserves
These
bills
are
mostly
based
on
the
SBR
model
proposed
by
the
Satoshi
Action
Fund
Lawmakers
are
competing
to
push
legislation
and
strive
to
become
the
first
state
to
include
Bitcoin
in
state
reserves
It
is
expected
that
more
than
20
related
bills
will
be
proposed
at
the
state
level