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Texas, Ohio, and Pennsylvania to create the state-level Bitcoin reserves. What are these bills?$BTC 📢 Bitcoin Reserves in the US: State and Federal Proposals Explained 🌍 Three U.S. states—Texas, Ohio, and Pennsylvania—are working to create state-level Bitcoin reserves. But what are these bills, and how do they differ from the federal Bitcoin Reserve proposal? Let's dive in! 🧵👇 📌 Federal Reserve Proposal Introduced by Sen. Cynthia Lummis in July 2024.Known as the BITCOIN Act, it aims to: 🔹 Purchase 1M BTC (5% of total supply). 🔹 Use BTC to pay down national debt. 🔹 Build a U.S. Treasury-controlled decentralized Bitcoin vault network.Lummis compares this to a "Louisiana Purchase moment." 📌 State-Level Bills States like Texas, Ohio, and Pennsylvania propose smaller, localized reserves.Unlike the federal bill, these focus on: 🔹 Hedging against USD inflation. 🔹 Accumulating BTC through taxes and donations in crypto. 🔹 BTC storage with a 5-year embargo in Texas. 📌 Why is this happening now? Inflation and economic instability are major factors.Bitcoin is viewed as a hedge and store of value by some states. 📌 Will these bills pass? Odds are slim—historically, only ~20% of state-level bills become law.Texas is optimistic due to its crypto-friendly policies and strong mining incentives. 🔮 Future Outlook Whether at the state or federal level, these bills highlight America’s growing focus on Bitcoin adoption. A new wave of innovation or a potential challenge to the dollar’s dominance? Time will tell. 👉 What do you think about this bold move? Let’s discuss! 💬 🔗 Full thread and source details here. #Bitcoin #CryptoNews #USBitcoinReserve {spot}(BTCUSDT)

Texas, Ohio, and Pennsylvania to create the state-level Bitcoin reserves. What are these bills?

$BTC
📢 Bitcoin Reserves in the US: State and Federal Proposals Explained 🌍
Three U.S. states—Texas, Ohio, and Pennsylvania—are working to create state-level Bitcoin reserves. But what are these bills, and how do they differ from the federal Bitcoin Reserve proposal? Let's dive in! 🧵👇
📌 Federal Reserve Proposal
Introduced by Sen. Cynthia Lummis in July 2024.Known as the BITCOIN Act, it aims to:
🔹 Purchase 1M BTC (5% of total supply).
🔹 Use BTC to pay down national debt.
🔹 Build a U.S. Treasury-controlled decentralized Bitcoin vault network.Lummis compares this to a "Louisiana Purchase moment."
📌 State-Level Bills
States like Texas, Ohio, and Pennsylvania propose smaller, localized reserves.Unlike the federal bill, these focus on:
🔹 Hedging against USD inflation.
🔹 Accumulating BTC through taxes and donations in crypto.
🔹 BTC storage with a 5-year embargo in Texas.
📌 Why is this happening now?
Inflation and economic instability are major factors.Bitcoin is viewed as a hedge and store of value by some states.
📌 Will these bills pass?
Odds are slim—historically, only ~20% of state-level bills become law.Texas is optimistic due to its crypto-friendly policies and strong mining incentives.
🔮 Future Outlook
Whether at the state or federal level, these bills highlight America’s growing focus on Bitcoin adoption. A new wave of innovation or a potential challenge to the dollar’s dominance? Time will tell.
👉 What do you think about this bold move? Let’s discuss! 💬
🔗 Full thread and source details here.
#Bitcoin #CryptoNews #USBitcoinReserve
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⚡️ كُن جزءًا من أحدث النقاشات في مجال العملات الرقمية
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