The United States Ohio proposes a bill to establish a "Strategic Bitcoin Reserve"

PANews reported on January 26 that Satoshi Action Fund (SAF) co-founder and CEO Dennis Porter posted on platform X stating: A bill has been proposed in Ohio by the Majority Whip of the State House of Representatives, Steve Demetriou, along with six other legislators. This bill would allow the state to establish a "strategic Bitcoin reserve".

 

The content of the bill includes:

 

1. Allowing the state government to use 10% of general funds, budget stabilization funds, and prize trust funds for Bitcoin investment.

 

2. Providing robust custodial solutions to ensure that state governments use self-custody or qualified custodians.

 

3. Being technology-neutral and using the term "digital assets" to reduce political resistance and protect state funds from being eroded by inflation.

 

4. Only assets with a market value reaching $750 billion and maintained for an average of 12 months are eligible for reserves; currently only Bitcoin qualifies.