- Daily Dispatch
- Posts
- United States of Bitcoin 🇺🇸
United States of Bitcoin 🇺🇸
Alongside a proposed U.S. national Bitcoin stockpile, multiple states are now considering their own strategic BTC reserves.
Andrew Hayward
December 21, 2024
Together with:
📝 What you need to know
It’s not just national. While Donald Trump and his Republican allies consider how to approach a proposed U.S. Bitcoin reserve once the president-elect takes power, multiple states are starting to plot their own moves.
Ohio became the latest state to join the list this week, as Representative Derek Merrin introduced a bill to establish such a crypto stockpile, following moves from legislators in Texas and Pennsylvania in recent weeks.
"The U.S. dollar is being rapidly devalued, and our state treasurer should have the authority and flexibility to invest in Bitcoin when determining proper asset allocation," said Merrin. "Ohio must embrace technology and protect tax dollars from eroding."
Here’s the running list of states that are weighing Bitcoin reserve legislation.
💬 Quote of the Day
“Tether’s investment in Rumble reflects our shared values of decentralization, independence, transparency, and the fundamental right to free expression.”
From our partner
Walrus revolutionizes decentralized data storage with a secure, scalable, & cost-efficient solution for Web3 applications on any chain. Builders and users benefit from high-speed, reliable data access, with Decrypt and One Championship already joining the herd. Join the Quest and get to know Walrus!
