{"id":42639,"date":"2024-12-04T09:56:10","date_gmt":"2024-12-04T09:56:10","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-proponent-reveals-plans-for-strategic-reserve-laws-across-10-us-states\/"},"modified":"2024-12-04T09:56:10","modified_gmt":"2024-12-04T09:56:10","slug":"bitcoin-proponent-reveals-plans-for-strategic-reserve-laws-across-10-us-states","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-proponent-reveals-plans-for-strategic-reserve-laws-across-10-us-states\/","title":{"rendered":"Bitcoin Proponent Reveals Plans for ‘Strategic Reserve’ Laws Across 10 US States"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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In the US, there is a growing movement for sovereign Bitcoin reserves, and numerous states are getting ready to pass legislation creating BTC reserves. The Satoshi Act Fund\u2019s founder, Dennis Porter, disclosed that his group is collaborating closely with legislators in ten states to put forward \u201cStrategic Bitcoin Reserves\u201d legislation. This program is a component of a larger endeavor to establish the United States as a global leader in the acceptance of Bitcoin and pave the way for future financial gains.<\/p>\n

A Groundbreaking Move for Bitcoin<\/strong><\/h2>\n

Porter shared the news via a post on X (formerly Twitter), emphasizing the scale of the initiative. He confirmed that 10 states are set to introduce Bitcoin reserve legislation, which he believes will catapult the U.S. to the forefront of the Bitcoin movement. \u201cI can now officially confirm and announce that 10 states will be introducing \u2018Strategic Bitcoin Reserves\u2019 legislation here in the great United STATES of America. We are going to win with Bitcoin. We will lead the world. No one will come close. The world will follow our lead,\u201d<\/em> said Porter.<\/p>\n

The Satoshi Act Fund, which advocates for Bitcoin-focused laws, is working to rally support for these proposed reserves, which could have far-reaching implications for both local and national economies. This development comes as a direct response to former President Donald Trump\u2019s promise to establish a government-backed Bitcoin stockpile. The push for such reserves is part of the broader movement to secure a share of Bitcoin\u2019s 21 million fixed supply, which is attracting increasing attention from both state and national governments.<\/p>\n

Porter\u2019s efforts extend beyond state-level legislation. He recently engaged in discussions with Wyoming Senator Cynthia Lummis<\/a>, who introduced the BITCOIN ACT. Lummis\u2019s proposal aims to transfer 207,000 BTC seized by authorities to the U.S. Treasury and convert U.S. gold certificates to fund Bitcoin purchases, with the goal of accumulating one million BTC over five years. In reference to the growing competition to accumulate Bitcoin, Porter tweeted, \u201cThe race is on. Let the game theory begin,\u201d<\/em> highlighting the urgency of securing Bitcoin reserves as other nations and states move forward with similar initiatives.<\/p>\n

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In Pennsylvania, legislators have already taken steps toward integrating Bitcoin into the state\u2019s financial framework, passing a bill legalizing BTC payments and crypto self-custody. Additionally, the state introduced a bill in November proposing the creation of its own Bitcoin reserve.<\/p>\n

Global Bitcoin Adoption<\/strong><\/h3>\n

Brazil is investigating the idea of national Bitcoin reserves on a global scale. Under the leadership of President Luiz In\u00e1cio Lula da Silva, Congressman Eros Biondini presented a proposal to the Brazilian Chamber of Deputies that would result in the adoption of a national Bitcoin reserve.<\/p>\n

In an effort to take advantage of this new opportunity, policymakers are acting swiftly as the battle to grab Bitcoin reserves heats up both domestically and internationally.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) In the US, there is a growing movement for sovereign Bitcoin reserves, and numerous states are getting ready to pass legislation creating BTC reserves. The Satoshi Act Fund\u2019s founder, Dennis Porter, disclosed that his group is collaborating closely with legislators in ten states to put forward […]<\/p>\n","protected":false},"author":35,"featured_media":42640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/42639"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=42639"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/42639\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/42640"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=42639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=42639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=42639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}