Degen

State Rep. Jordan Pace has introduced the Strategic Digital Asset Reserve Act, which would allow the state treasurer to allocate 10 percent of certain public funds to digital assets, with a preference for Bitcoin (BTC).

The bill would provide a secure framework for holding up to one million Bitcoins and require regular audits. Pace said the measure would give the treasurer new tools to protect tax assets from inflation.

The move is part of a national trend of states considering adding Bitcoin to their reserves.