South Dakota Representative Proposes Bitcoin Reserve Bills
In what is a continuation of the ongoing trend in the United States, one South Dakota representative has proposed not one but two Bitcoin reserve bills. Indeed, state lawmaker Logan Manhart is seeking to make South Dakota one of many hoping to establish a strategic BTC reserve in their state. The move has made South Dakota the 15th state to introduce a bill that would establish such a reserve, according to Dennis Porter. Moreover, one of the introduced laws would see the state allocate 10% of public funds to acquiring Bitcoin. Additionally, the state is looking to explore the leading cryptocurrency as a hedge against potential inflation. Source: Watcher Guru Also Read: Czech Republic Approves Plan to Consider Investing in Bitcoin South Dakota Lawmaker Seeks to Allocate 10% of State Funds to Bitcoin Just 31 days in, and 2025 is already shaping up to be one of the most important in the history of cryptocurrencies. The asset class has been front and center in the United States, with the a...