BTC “national reserve” in the USA
In the electoral campaign that has just ended in the USA, one of the proposals of Donald Trump most appreciated by the crypto community was certainly that of establish a “national Bitcoin reserve”to legitimize the first crypto as a true and effective one store of value.
This idea is already on the way to fruition Pennsylvaniawhere, as he revealed FOX Businessstate legislators would submit a proposed law to hold BTC on its balance sheet.
Called the “Pennsylvania Bitcoin Strategic Reserve Act,” the new bill is the first of its kindand would allow you to allocate in Bitcoin up to 10% of state fundsto fight inflation and diversify investments (now all in traditional assets).
“The bill is a functional step towards the security of our state from a financial point of view,” he declared Mike Cabellrepresentative of the Pennsylvania Republicans. “By integrating Bitcoin into our reserves, we not only protect Pennsylvania from the impact of inflation, but we also position our state as a leader in ‘financial resilience’ and innovation.”
The legitimation of BTC in the USA
If the bill passes, Pennsylvania would become the first state to hold BTC directly into the own budget. Meanwhile, others are preparing to follow the same example. One above all, the Wyoming led by the Republican Cynthia Lummiswhich has already made it known that it intends to pass the same law within i first 100 days of Trump’s presidency.
Also thanks to this news, which follows Trump’s promises to make the USA the “cryptocurrency capital”, Bitcoin seems to solidify its bullish movement. Since the election of the new president BTC is grew by 30%reaching a capitalization of over $1,800 billion.
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