According to Dennis Porter, CEO and founder of the Satoshi Labor Fund, 16 American states will present the Bitcoin strategic reserve legislation. This comes months after President Donald Trump called for the start of the Bitcoin National Strategy Reserve in his campaign at Nashville Bitcoin.
porter Comment on x:
I can confirm that at least 15 states will provide “strategic bitcoin reserves” legislation. Perhaps even 16. As a reminder, just 3 months ago, this number was zero.
Dennis Porter
Bitcoin investors and their fans are pleased to spare the American states
After a Porter’s publication, many bitcoin lovers supported the state’s decision, happy with the growing momentum.
Jimmy Costro, CEO of Costro in Thailand, encouraged other American states to do the same, in the hope that at least half of the country will accept bitcoin reserves. He added that he was proud of everything that American states have done so far.
MDX Algo, a Khwarizmi commercial system, is called Bitcoin’s “uninterrupted” reserve momentum.
Earlier, Porter predicted that the state of G7 and the BRICS country at least will create Bitcoin reserves, and with more states in the United States, the gun jumps before an official national decision, it looks good for the United States.
Moreover, Porter and Satoshi’s Labor Fund in drafting legislation for the Bitcoin Rights Law in Pennsylvania and in 20 other states, helped in an attempt to educate legislators at the highest cryptocurrency.
Ohio joins the list of countries that propose bitcoin reserves
The representative of Ohio Steve Dimitrio, along with six others, prompted a new bill for the home that allows the state’s secretary to allocate 10 % of the state’s funds to buy digital assets, including Bitcoin, to obtain encryption reserves.
Dimitrio insisted that the reserve will protect state funds from inflation and any economic uncertainty.
Ohio’s legislation, like most other states, maintained the neutrality of technology, using the general term “digital assets” instead of explicitly mentioning Bitcoin. However, even if it is passed, the draft law will only qualify Bitcoin as a backup origin so far. The legislation shows that the encryption assets that are kept in the state reserves must have at least the average market value 750 billion dollars During the previous 12 months.
Bitcoin market cost $ 2.07 trillion, which is the only digital asset that meets the requirements of the maximum market so far.
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