South Dakota revives Bitcoin reserve plan with 10% allocation cap – Details
South Dakota Representative Logan Manhart has revived a legislative effort, House Bill 1155, to allow the state to allocate up to 10% of its revenues into Bitcoin. The bill includes strict security measures for storing private keys and represents a cautious, incremental approach to treating Bitcoin as a legitimate public asset. This move aligns with a growing trend among states like Texas, Arizona, and New Hampshire, which are pursuing their own digital asset strategies amid delays in federal action. The proposal underscores a shift toward state-level adoption as a long-term inflation hedge, reflecting the broader bullish market sentiment around Bitcoin.
ambcrypto01/28 13:01
