Document released on March 11, the propose legislation HB4258, seeks to allocate up to $250M from the state’s economic stabilization fund for BTC and other digital assets.

This marks the second attempt by the state to establish a digital asset reserve, following the earlier SB778 which recently secured bipartisan support in the Senate.

Unlike the previous proposal, HB4258 explicitly caps investment and extends participation to municipalities and counties, allowing them to allocate up to $10M to digital assets. If approved and signed into law, the bill would take effect on 01.09.2025

I am crypto fun. I think blockchain is a power.

Interesting development in state legislation regarding digital assets! It's great to see more initiatives aimed at integrating cryptocurrencies into traditional financial systems. Exciting times ahead!