#Wyoming Allows Funds to Invest in Bitcoin#
Hot Topic Overview
Overview
Currently, several states in the United States are pushing to include Bitcoin in their strategic reserves. Wyoming has taken the lead by passing legislation allowing its Permanent Fund to invest in Bitcoin, with a limited investment proportion of 3% of the total fund. Other states, such as Oklahoma, New Hampshire, Texas, Pennsylvania, Ohio, and North Dakota, have also proposed similar bills, but the specific terms and implementation methods vary. Massachusetts has also joined this trend, with Senator Peter Durant proposing a bill to establish a Bitcoin strategic reserve. The introduction of these bills indicates that the interest of U.S. states in incorporating Bitcoin into their reserve assets is constantly growing, which will have a positive impact on the future development of Bitcoin.
Ace Hot Topic Analysis
Analysis
Wyoming became the first U.S. state to allow its permanent fund to invest in Bitcoin. State Senator Cynthia Lummis said the legislation allows the permanent fund to diversify its investments into Bitcoin, which will put Wyoming at the forefront of financial innovation. The bill limits the permanent fund's investment in Bitcoin to no more than 3% of the fund's total assets. Currently, seven U.S. states have proposed legislation related to "strategic Bitcoin reserves," with varying content and implementation. Besides Wyoming, Oklahoma and New Hampshire also allow investments in digital assets, but with different restrictions. Texas has two proposals, one allowing 1% of the state's budget surplus to be invested in Bitcoin and the other allowing only Bitcoin donations. Pennsylvania and Ohio have also proposed allowing state funds to invest directly in Bitcoin, but with limited specific terms. Additionally, North Dakota only passed a resolution supporting digital asset investment, which has not yet been formalized into legislation. Massachusetts has also proposed a bill to create a strategic Bitcoin reserve. The introduction of these bills demonstrates a growing interest in digital assets among U.S. states, and it is possible that more states will join the ranks of those investing in Bitcoin in the future.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Wyoming allows its permanent fund to invest in Bitcoin, putting the state at the forefront of financial innovation.
Wyoming's legislation allows the permanent fund to invest in Bitcoin, but limits it to 3% of the fund's total.
Several states are proposing similar 'strategic Bitcoin reserve' bills, but the details and implementation vary.
Some states allow investment in digital assets, but limit investment amounts or scopes.