The profits of Arizona’s strategic bitcoin reserve building can stimulate other states.

President Donald Trump’s promotion of Bitcoin Reserve Strategy is to gain the US support and bring this idea closer to reality. Dennis Porter, a co -founder of Satoshi Act Fund, is paying attention to the growth tendency in the state to establish the reserves of bitcoin. Currently, at least 11 states, including Texas and Pennsylvania, have introduced bitcoin reserve invoices, which are expected to rise to 15 or 16.

Arizona, who leads on the road, has made a big progress, and may soon be the first state of investing 10 % of public funds in Bitcoin.

Arizona approves the bold bitcoin bill

The Senate Finance Committee in Arizona has recently passed the SB1025. This is a groundbreaking bill that enables up to 10 % of public funds invested in bitcoin. This law, sponsored by Senator Wendy Rogers and Jeff Waening, is an important step in making Arizona the first state of officially holding Bitcoin in reserves.

“Public funds” refers to assets managed by state accounting and retirement system. With 5-2 votes, the bill is now headed to the Senate Regulations before being submitted to the Senate voting.

Bitcoin Reserve nationwide race

Arizona’s progress occurs when other states are planning to explore bitcoin as preliminary assets. The push was partially promoted by the powerful lobby activities of the encrypted industry, spending $ 5.9 million in Arizona alone to support professional cripons.

The promise of President Trump to create a previous bitcoin reserve has gained momentum, but his recent administrative orders have questioned the involvement of the federal government. Anyway, states, such as Wyoming and Oklahoma, are chasing Arizona’s leads and investigating similar bitcoin reserve invoices.

Read again: Presidential Order of Donald Trump’s professional clip: New dawn of US digital asset policy,

New leadership enhances the optimism of cipher

Confirmation of Scott Bessent as a US Finance Secretary further promoted optimism in the cipher. Hedge Fund’s billionaire and digital assets, Bessent, received a supervisor support for 68-29 Senate votes. Ripple CEO Brad Garlinghouse Blood Galling House Brad Garlinghouse is a CEO of Financial Technology Company Ripple Labs, which is very popular with the global Crypto landscape. He used to be a CEO of HighTail, a file sharing service, and an active angel investor. He joined Ripple as a COO in April 2015 and answered Prime Supporter CHRIS LARSEN at CEO. He was promoted to CEO in December 2016. Initially, he worked at AOL and Yahoo! From 2003 to 2008, he was Yahoo! Entered as a senior vice president, where he page, Flickr, Yahoo! Email, Yahoo! Division of courier service. Yahoo! While he was in, he wrote an inner update known as the “peanut butter manifest.” This demanded that the organization would enter zero in the core business, rather than excessively extending, like peanut butter.詳細：組織：RIPPLELOCATION：米国教育：ハーバードビジネススクールのMBA、カンサスキル大学のMBA：ベンチャーキャピタルとスタートアップエクスペリエンス：2017年1月からRipplefromのCEO- 2015年4月から2016年12月までのRipple Logoの社長And coo COO, Animoto from December 2012 to December 2017, from 2013 to May 2013 to 2016 to 2016, the logo board of the R1 company, a logo board member of the R1 company of Tonic Health in Ancestry Brad Galling House is a member specializing in FAQS blockchain technology and cryptocurrency XRP from May 2012 to September 2014 -September 2014. He has played an important role in using blockchain technology to make payments across borders. What is the role of Brad GarlingHouse in Ripple? Garlinghouse is in charge of the expansion and strategic direction of Ripple in CEO’s ability. Ripple is focusing on using blockchain technology to strengthen international payment networks under his instructions. EntrepreneurInvestorchief executive officerCouncil member He praised Vessent’s appointment and expressed his confidence in the ability to promote the innovation -friendly policy for encryption and technology.

To monitor this growth trend, Julian Farler has launched a bitcoin strategic reserve tracker. This interactive tool provides daily updates on Bitcoin -related laws, clearly knowing how to use bitcoin as part of the financial strategy.

Arizona’s bold steps may set the national trend stage, and if the experiment is successful, it encourages the Bitcoin to accept it as a financial protection area.