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States Take Action to Channel Public Funds into Digital Assets – BitRss

Posted on February 4, 2025 By Kotop No Comments on States Take Action to Channel Public Funds into Digital Assets – BitRss

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States Take Action to Channel Public Funds into Digital Assets – BitRss – Crypto World News

























BitRss

Source of this Article
Coin-Turk 34 minutes ago
33

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…

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States Take Action to Channel Public Funds into Digital Assets

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