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Differing Paths: Georgia Advances Bitcoin Reserve Bill — SB 228, Montana Rejects


by Peter Mwangi
for CoinEdition
Bitcoin Reserve Bills: Georgia Says Yes, Montana Says No
  • Georgia’s SB 228 allows unlimited Bitcoin investments without restrictions or caps.
  • Montana’s HB 429 fails due to concerns over taxpayer funds and lack of oversight.
  • At least 19 states, including Arizona and Texas, continue pursuing Bitcoin reserve proposals.

The U.S. state of Georgia has introduced a second Bitcoin reserve bill (SB 228), allowing the state to invest in Bitcoin without setting any investment limits. 

This bill follows a previous proposal intended to enable the state treasurer to make investments in Bitcoin, and this new bill seeks to establish a structure for how these investments will be managed.

Georgia’s Uncapped Bitcoin Bet

Notably, unlike other similar bills, SB 228 does not include any caps on Bitcoin investments. The proposed legislation concerns state deposit institutions, with a focus on allowing…

The post Differing Paths: Georgia Advances Bitcoin Reserve Bill — SB 228, Montana Rejects appeared first on Coin Edition.

Read the article at CoinEdition

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Differing Paths: Georgia Advances Bitcoin Reserve Bill — SB 228, Montana Rejects


by Peter Mwangi
for CoinEdition
Bitcoin Reserve Bills: Georgia Says Yes, Montana Says No
  • Georgia’s SB 228 allows unlimited Bitcoin investments without restrictions or caps.
  • Montana’s HB 429 fails due to concerns over taxpayer funds and lack of oversight.
  • At least 19 states, including Arizona and Texas, continue pursuing Bitcoin reserve proposals.

The U.S. state of Georgia has introduced a second Bitcoin reserve bill (SB 228), allowing the state to invest in Bitcoin without setting any investment limits. 

This bill follows a previous proposal intended to enable the state treasurer to make investments in Bitcoin, and this new bill seeks to establish a structure for how these investments will be managed.

Georgia’s Uncapped Bitcoin Bet

Notably, unlike other similar bills, SB 228 does not include any caps on Bitcoin investments. The proposed legislation concerns state deposit institutions, with a focus on allowing…

The post Differing Paths: Georgia Advances Bitcoin Reserve Bill — SB 228, Montana Rejects appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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