Bitcoin Reserve with 5 years a contract proposed by Illinois
Illinois lawmakers submitted a draft law to create a state -run bitcoin reserve, which represents a major step in the financial strategy of the state. The proposal, known as the strategic Bitcoin reserve law (HB1844), aims to allow Illinois to keep Bitcoin as asset through voluntary contributions.
This measure follows similar initiatives in Texas, Arizona and Utah, where the states are increasingly exploring digital assets for financial security. If passed, Illinois will manage BTC Holdings through the office of the state treasurer, while storing money safely and regularly reviewing. The initiative does not involve direct state purchases, but it depends only on donations from the population and government agencies.
A strategic step towards financial innovation
State representative John M. Capello, who presented invoiceHe stressed that this measure is in line with Illinois’s goal of strengthening innovation in digital financing. He stated that BTC reserves will provide long -term financial stability and help integrate Blockchain in state operations.
Under the bill, the country must keep BTC for at least five years before deciding whether to be sold, transferred or transferred property. Legislators argue that the nature of the decentralized bitcoin and the increase in value makes it a hedge against inflation and a viable financial tool for state reserves.
The state’s treasurer must keep the Bitcoin skin deposited in the fund for at least 5 years from the date of Bitcoin’s intervention in the state’s custody.
The increasing interest in bitcoin as a financial strategy
The value of Bitcoin has remained stable, as it is currently trading at $ 105,000 and bearing more than $ 100,000. While countries seek alternative financial tools, BTC receives attention to their ability to enhance financial flexibility. Illinois joins an increasing number of American countries that explore the integration of coded currency in their economic policies.
The draft law will be reviewed in the coming weeks, where legislators discuss the risks and potential benefits. If approved, you can put an Illinois for more countries to integrate digital assets into financial planning.
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