If a member of the Diet approves the strategic bitcoin reserve proposal by John Cabello, Illinois may immediately be the first to hold bitcoin in a fiscal reserve.
On January 29, the Bitcoin Strategy Bill was introduced to the Regulation Committee to establish rules and promptly track the approval process. John Cabello, a member of the Illinois Congress, has set a bill to become a new strategic asset in Illinois by setting the foundation for bitcoin (BTC).
Illinois Bitcoin Reserve Bill
Under the new law, Illinois accounting is allowed to manage the fund and accept BTC gifts, subsidies, and donations from Illinois residents and government agencies to deposit. If you enter the state custody right, the bill suggests that BITC should be retained for at least five years.
After the five -year holding period, state accounting can transfer, sell, or convert BTC to another cryptocurrency. In addition to permits accounting employment to manage the BTC, the bill includes fund management and protection language, and reports fund status. Illinois residents can also spontaneous donations to the State Fund at BTC.
In addition, this law allows the state accounting to adopt rules for managing this preparation. If it is passed, the strategic bitcoin reserve method may be immediately enforced, and Illinois may be the first state of the United States that implemented a formal strategy on bitcoin reserve.
Expanding the adoption of bitcoin reserve:
Cynthia Ramis, a long -standing supporter of the US Congress, has been doing lobbying in a national strategic Bitcoin protective area, but BTC has said that it is useful for inflation and unstable economic situation. 。 On January 30, she posted a public hearing at the Bitcoin Strategic Protection. BTC -based spare is becoming more popular among other institutions.
On January 29, Azemic, the governor of the Czech National Bank, announced that the Czech Republic could first be prepared in West Europe in preparation. MICHL proposed to make a reservation for 5 % ($ 145.6 billion) of CNB of 140 billion euros ($ 145.6 billion). This is a movement that represents the first step to institutional ciphers at the national level.
In addition, Governor Dan Patrick of Texas has announced that it will establish Texas Bit Coin Reserve as one of the top priority in the 2025 session.
