Other Bitcoin Reserves Reserves Presented in Georgia, now without investment limits

Another Bitcoin reserves in Georgia was introduced in Georgia to enable the State Treasury to invest in Bitcoin without restrictions, only 10 days after the submission of the First Propposition Act.

If he passed, another bitcoin (Btc) The reserve account introduced in the state would allow the State Treasury to invest in Bitcoin without any investment restrictions. Bill, known as the State Account of Senate 228, would also require the Demuarium of State The Foundation to develop its own policies and procedures that would enable “accepting, storage and transaction of bitcoin.”

The bill also provides that the BTC investment of the state treasury state will be held in accordance with local policies and requirements.

Another account is considered a “partisan” competitor, goes on the head on the head with the first Bitcoin reserves. This is because SB 228 introduced Republican sponsors, while the first account, SB 178It has republican sponsors.

One key difference between two jobs is the presence of investment restrictions for Bitcoin supplies. The first account comes with an investment cap of 5%, meanwhile, another account has no investment limit for the state treasury.

The SB 228 proposed four state senators, including, Senator Esteves and is currently waiting for an overview. The first Bitcoin Book in Georgia is 14. February introduced 14. February, State Senator Greg Dolezal and co-sponsored by Senator Brandon Beach and Clint Dixon.

According to Bitcoin Reserve MonitorThere are at least 21 American countries considered with strategic creptocurnancy reserves. Each state is in different phases of legislation approval, with 19 state legislation still in progress, two still consider proposals, while four rejected. Vioming, Montana, Northern Dakota and Pennsylvania are four countries that rejected proposals for reserves for reserves Bitcoin.

Although no strategic bitcoin spare bills are not enacted for printing time Satoshi ACT Fund CEO Dennis Porter predicted That Utah would become the first country in America to forward the Law on Strategic Bitcoin Reserve.