Alabama State Auditor Andrew Sorrell is pushing for the creation of a state Bitcoin reserve, citing benefits like attracting business and enhancing financial stability. Sorrell, a long-time crypto advocate, believes that states adopting crypto-friendly regulations will gain a competitive edge. He suggests investing in Bitcoin and Ether ETFs, noting crypto's rapid growth compared to traditional assets. Sorrell proposes a gradual build-up of the reserve, diversifying away from the US dollar. Despite pro-crypto sentiment, Alabama's legislative progress is slow, with a recent bill on digital assets failing to pass.
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