Countries stop efforts to create Bitcoin strategic reserves

Soon after assuming his post, President Donald Trump made plans Bitcoin strategic reserves.

It was part of a larger batch of the president, with the support of the digital assets sector, to turn the United States into the world The capital of encrypted currency.

However, similar efforts to create Bitcoin reserves began to get rid of the state level. The latest example comes from Florida, where, for every a a report Tuesday (May 6) by Decrypt, a pair of bills designed to allocate up to 10 % of the chosen public funds to Bitcoin.

As this report also notes, Florida joins Arizona, Montana, North Dakota, Oklahoma, Pennsylvania, South Dakota, and Wyoming on the list of states that rejected the encryption treasury legislation this year. In some countries, its legislation made it overwhelmed by both councils before the governor of the state, to veto the bills.

This is what happened last week in Arizona, when Katie Hobbes ruled Legislation refusal He would have invested part of the state’s retirement fund in Bitcoin.

Hobbes wrote in a letter to the Senate Speaker in the state: “The Perfection Funds for Erzonz are not the place for the state to try unparalleled investments such as virtual currencies.”

According to the Decrypt report, as of early May, there were 36 active Revercon bill in 19 states. Just two weeks ago, there were more than 45 legislation in more than twenty states.

This legislative decline occurs, as PYMNTS was written recently, amid growth Dependence of the prevailing From encrypted currencies.

This report said: “Observers believe that it has become increasingly detained, through Wall Street and beyond, that digital origins may not be limited to speculative circles.” “like Bitcoin etfs It becomes an increasing component in the various wallets and the organizational frameworks that begin to crystallize, the dream of decentralization that appears to be once determined by the specified blades allows for a new era of organized integration. “

Although it is no longer a grandmother to see major investment companies abandoning encryption, this year has achieved a turning point. Morgan Stanley Prepare for the show Crack currency trading To E*Trade User base once in 2026, a step that can bring digital asset investments to millions of customers.

Meanwhile, Charles Schwab is preparing to submit a bitcoin and ethereum immediate encryption trading this year to address the increasing demand from traditional investors.

The report added: “These moves are not isolated.” “BlackrockThe largest asset manager in the world, pushes Blockchain technology deeper into traditional financing. The company recently announced plans to register a new category of $ 150 billion in money market funds on a group of Blockchain, a step designed to enhance transparency and operational efficiency. “