Crypto News

The new bill proposes strategic diversification into digital assets

  • West Virginia Senator Chris Rose introduced “Inflation Protection Laws 2025” to allow the civilian treasury to digitally or noble metals directly or through the ETP.
  • The bill sets a strict need for a market capitalization of $ 750 billion for eligible assets, which currently makes Bitcoin’s only qualification crypturism.
  • This initiative aligns with similar movement in other US countries, while Cintia Lummis is committed to the Bitcoin Strategic Reserve at the federal level, emphasizing the transparent audit of Bitcoin.

West Virginia joined growing number The US states that it discusses the addition of digital property about its portfolio. The State Senator Chris Rose introduced the law last Friday, called “Inflation Protection Law 2025”, which could see digital property and precious metals to be involved in state property.

Related: Raoul Pal, Michael Hovell: Started the collapse dollar, Cripto is a safe refuge?

Account define Digital means not only as Bitcoin or CRIPTO, but also as “virtual currency, cryptocurries, toxic electronic times, including stablecoins and non-fungal tokens (NFTS) and other digital and means that give economic, ownership or access or access rights or authority”.

Only Bitcoin only passes the minimum farm threshold

Digital funds made by the state of the civilian treasurer in safe detention, but may also contain disabilities (ETPS).

The bill is further determined that only assets with market caps of $ 750 billion (and in $ 1,18 trillion) or more will be included.

Currently, only Bitcoin with $ 1.9 Trillion Market Capes (and in $ 2.98 trillion) meets this standard, with that standard Ethereum and XRP Sending a threshold with $ 321.3 billion (and in $ 505.3 billion) and 158.2 billion USD (and in $ 248.8 billion), respectively.

Utah has recently advanced a similar account, for which the property should have at least $ 500 billion (and in $ 788 billion) in the market. Account named HB 230 He still needs to pass the full house in Juta.

Bill West Virginia must now review the Committee before progressing further. Numerous other American countries are also progressing on their own version of similar initiatives.

Bitcoin Reserve Easy Playback, Senator says

At the federal level, Senator Cynthia Lummis launched a strategic bill for Bitcoin for the United States, while Trump ordered the creation of a sovereign wealth fund.

Appropriate to concerns whether US gold reserves in Fort Knok revises annually, Lummis said “Bitcoin fixes it,” adding that it’s time for the United States to update your spare system.

Related: India clamps on a cripto: $ 190 million seized in Bitconnect Ponzi Schema Probe

She also pointed out the ability to see Bitcoin in strategic reserves:

Bitcoin Reserve could be revised at any time 24/7 with a basic computer. It’s time to upgrade our reserves.

The new bill proposes strategic diversification into digital assetsThe new bill proposes strategic diversification into digital assets Senator Sinthia Lummis

Vanberries recently predicted Bitcoin Buindoin for self-confidence reserves has only the potential to reach 247,000 BTCs, worth $ 23 billion (and in $ 36.1 billion) – and does not include retirement funds or federal government.

https://cdn.cryptonews.com.au/2025/02/17152505/21725BRES.jpeg

2025-02-17 08:26:00

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button