Kentucky has now Become The sixteenth American country to present its local bitcoin reserve bill.
The draft law will allow the investment of up to 10 % of the state’s money in digital assets that exceed the market ceiling of $ 750 billion.
Although the reserve will not be limited to Bitcoin, the leading cryptocurrency is the only digital origin that fits the above -mentioned demand.
Missouri and Iowa were presented with similar bills on Thursday.
Meanwhile, the Bitcoin reserve law in Utah (HB230) recently passed the council and moved to the Senate. He is currently leading the race.
It is worth noting that this is the first bitcoin strategic budget bill (SBR) that passes the voice of the Chamber of Representatives or the Senate.
The SBR bill has not yet been enacted.
However, it should be noted that the bills have already failed in North Dakota and Woewang. WY HB201 was unable to pass the committee’s vote, and ND HB1184 failed to vote in the House of Representatives.
Meanwhile, the possibilities of the National Bitcoin Bill, which was established in 2025, decreased to 45 % on Polymark.
