Bitcoin could soon find a place on the state balance, where Alabama and Minnesota both continue with legislative frameworks Bitcoin reserves.
In Minnesota, house stock 2946, also known as the Minnesota Bitcoin Act, introduced by Rep. B. Olson (R-MN), would enable the state to invest directly in Bitcoin. The counterpart of the Senate, SF 2661, was introduced earlier in March.
The identical accounts try to allow the State Board of Investment to allocate public funds to Bitcoin, which marks direct recognition of the long -term financial potential of digital assets.
In the meantime, Senate Bill 283 in Alabama has been submitted this week by Sen. April Weaver (R-Al) A companion at House Bill 482, introduced earlier in March.
Although neither Bills explicitly mentions Bitcoin, the legislation is limited to digital assets with a market capitalization of at least $ 750 billion.
Currently, only Bitcoin meets that threshold, making it effective the only qualifying active under the proposed framework.
If the proposals pass, they would take effect on October 1, 2025 in Alabama and January 1, 2026 in Minnesota.
Both states embrace a legislative tactic that is usually used to accelerate approval: the introduction of identical accounts in both rooms.
HF 2946/SF 2661 would enable the State not only to invest in Bitcoin, but can also be accepted for tax payments and government transactions.
The bill is amended more than a dozen articles of association to include crypto, including tax codes, pension schemes and investment rules.
Alabama’s legislation also outlines that digital assets must be held directly by the treasurer, by a qualified custodian or through products traded with exchange and may not exceed 10% of a state fund.
US State Bitcoin Reserve proposals
The proposals follow a broader trend of state -level efforts in the US to explore the world’s largest crypto as a strategic reserve active.
Although some states, including Wyoming, Montana and Pennsylvania, have recently paused or withdrawn their Bitcoin reserve plans, the momentum remains strong elsewhere.
South Carolina recently introduced a bill to allow his treasurer to 10% of certain state funds to digital assets – starting with Bitcoin.
The Bill 1203 house of Oklahoma, which makes Crypto assets possible, overwhelmingly passed on and is awaiting the senate review. Texas has approved Senate Bill 21 to set up a strategic reserve from Bitcoin and is waiting for gubernatorial approval.
Arizona and Utah have introduced their own frameworks, although Utah’s reserve language was dropped during revisions.
The data from Bitcoin Reserve Tracker Bitcoin Law show that 47 Bitcoin reserve accounts were introduced at state level in 26 states, 41 of which are currently live.
However, sentiment around the death of a proposal from a Bitcoin reserve seems to have become negative. Users of countless, the decentralized prediction market launched by DecryptThe parent company Dastan, overwhelming predicted that no state would implement such a reserve, in a market that closed at the end of March.
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