Kentucky has now grow to be the sixteenth U.S. state to introduce its personal native Bitcoin reserve invoice.
The invoice would permit investing as much as 10% of state funds in digital property whose market cap exceeds $750 billion.
Whereas the reserve wouldn’t be restricted to Bitcoin, the flagship cryptocurrency is the one digital asset that matches the aforementioned requirement.
Missouri and Iowa launched related payments on Thursday.
In the meantime, Utah’s Bitcoin reserve regulation (HB230) just lately handed the Home and moved to the Senate. It’s at the moment main the race.
Notably, that is the primary strategic Bitcoin reserve invoice (SBR) to cross a chamber vote (Home or Senate).
Not a single SBR invoice has been enacted up to now.
Nevertheless, it’s value noting that payments have already failed in North Dakota and Wyoming. WY HB201 didn’t handle to cross a committee vote, and ND HB1184 failed a vote within the Home.
In the meantime, the chances of a nationwide Bitcoin reserve invoice being created in 2025 have dipped to 45% on Polymarket.