Illinois might become the first U.S. state with an official Bitcoin Reserve if lawmakers approve the Strategic Bitcoin Reserve proposal.
On Jan. 29, the Bitcoin Strategic Bill was referred to the Rules Committee to establish rules and fast-track its approval process. Illinois State Rep. John Cabello introduced the bill to set the groundwork for Bitcoin (BTC) to become the state’s new strategic asset.
If passed, the Strategic Bitcoin Reserve Act would go into effect immediately, potentially making Illinois the first of any U.S. state to implement a formal strategy around a Bitcoin reserve.
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2025-01-30 07:16