Three Bitcoin reserve bills fail despite Trump’s pledges – “Specific qualities” – DL News

Three bills aimed at providing Bitcoin reserves managed by the state Since Donald Trump has failed, despite the president’s promises to relax the encryption laws.

State bills and Montana, Northern Dakota, and Woewang-the home country of Senator Cenatia Lomes, Voice Defender of a Federal Strategy Bitcoin Reserve – It was declined last month.

Critics of the billing warned that the creation of precautionary encryption is risked by the exposure of taxpayer money at risk.

Montana’s representative Stephen Kelly warned: “This is just slaps of speculation.”

more 30 countries They explore legislation that includes bitcoin reserves and digital asset investments, according to Bitcoin laws.

Trump effect

Both federal proposals and state levels have grown with a higher voice since Trump’s victory in the elections, which seems to have made it a supporter of profit is a major component of a vote recipe.

“Donald Trump was sworn in the afternoon on January 20 and 12:01, everyone wanted a strategic reserve for Bitcoin.” Anthony ScarmocchiCrypto investor and hedge fund manager, at the London Conference in February.

Trump has promised to make the United States the planet’s encryption capital and eye Caesar encryptionCandidate Candidates supporting the national team For major positions, shooting Executive orders To achieve this.

However, it seems that any of the state’s bills at the level of the state has achieved great success.

In Montana, Home Law 429 – A procedure to create a special revenue account for the state to invest in precious metals and digital assets – in a vote with 41 representatives who vote for their benefit and 59 against.

In North Dakota, HB 1184 – It is designed to direct the state’s funds to the Bitcoin Reserve – a little difference in 57 to 32 votes.

In Wyoming, seven out of nine representatives of the HB 0201 draft law rejected permission State treasurer to invest public funds in Bitcoin.

Countries that drive forward

Several states are still moving forward.

In Utah, a draft law on the edge of traffic will allow up to 5 % of the country’s main money in investing in qualified digital assets.

Through the Economic Development Committee in the House of Representatives, it is characterized by an almost perfect busy record, Utah can be the first to pass the Bitcoin Bill, according to Satoshi, co -founder and CEO Dennis Porter.

In Arizona, legislators are pushing forward with Bitcoin strategic lawIt is a measure that aims to use Bitcoin as a state saving tool.

The draft law, which recently approved the Senate Finance Committee in a vote from five to two, is now heading to the Senate Rules Committee for further discussion.

If approved, this enables up to 10 % of governmental and public funds – including pension funds – to allocate Bitcoin.

Motors for the encryption market

• Bitcoin kept even during the past 24 hours and trading at $ 95,850.
• Ethereum decreased by 4.6 % during the same period to $ 2,680.

What we read

Kyle Baird is the weekend DLES. Do you have advice? Email in kbaird@dlNews.com.