Kentucky’s bill is a “massive vote of confidence in Bitcoin” that brings the US closer to a federal Bitcoin reserve.
Kentucky has become the 16th US state to introduce legislation aimed at establishing a Bitcoin reserve, highlighting the growing adoption of digital assets at the state level.
The bill, KY HB376, was introduced by Kentucky State Representative Theodore Joseph Roberts on Feb. 6. If passed, it would authorize the State Investment Commission to allocate up to 10% of excess state reserves into digital assets, including Bitcoin (BTC ). It states:
Bill KY HB376. Source: Legiscan.com
Read more,### Key Points of Kentucky’s New Bitcoin Bill:
– **Introduction of KY HB376:** Kentucky State Representative Theodore Joseph Roberts introduced the bill on February 6.
– **Purpose of the Bill:** If approved, KY HB376 would authorize the State Investment Commission to invest up to 10% of Kentucky’s excess reserve funds into digital assets such as Bitcoin.
– **Growing Trend:** Kentucky is the 16th state in the US to consider such legislation, indicating a broader interest in integrating Bitcoin into state investment strategies.
### Closing Hot Take:
Oh, Kentucky, you daredevil you! Moving to invest in Bitcoin with the same gusto as betting on a high-stakes horse race at the Kentucky Derby! This bold move throws not just a hat, but a whole closet of hats into the cryptocurrency arena. It makes you wonder, are we inching closer to seeing Uncle Sam’s very own Bitcoin stash? Jokes aside, it’s a noteworthy step that could send ripples across other states, possibly stirring a tech-savvy revolution across the country. Or, it might just be another twist in the rollercoaster ride that is cryptocurrency. Place your bets, folks!
#### Hashtags:
#Bitcoin #Kentucky #Cryptocurrency #Investment #StatePolicy
#### Legal Disclaimer:
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