www.cnbc.com
At least 14 U.S. states are considering or have introduced legislation to establish Bitcoin and cryptocurrency strategic reserves, signaling a significant shift in state-level fiscal policy. Following the federal lead of the “Bitcoin Reserve” movement sparked by Senator Cynthia Lummis, states like Texas, Ohio, Pennsylvania, and New Hampshire are exploring using seized funds, budget surpluses, or direct investments to acquire digital assets. Proponents argue this diversifies state holdings and hedges against inflation, while critics cite volatility and regulatory risks. Additionally, some states are exploring stablecoin payments for taxes and fees, further integrating crypto into public finance. This trend marks a pivot from mere regulation to active state participation in the digital economy, though many bills face stiff opposition regarding risk management. (Word count: 112)
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