Wyoming Takes Major Step Forward with Strategic Bitcoin Reserve 📈
In a pivotal move, Wyoming state legislator Jacob Wasserburger has unveiled a proposition for establishing a Strategic Bitcoin Reserve. This initiative, known as “House Bill 0201” (HB0201), will allow the Wyoming treasurer to allocate up to 3% of eligible state funds, which encompass resources like the general fund and permanent mineral trust fund, into Bitcoin investments. The bill presents a notable shift in how states are considering their approach toward digital assets.
Primary Provisions of the Legislation 📝
The legislation outlines that the investments may occur via direct purchases or through regulated Bitcoin exchange-traded products (ETPs) offered by registered investment firms. This structured approach aims to facilitate legitimate and responsible investments in cryptocurrency, reflecting Wyoming’s progressive stance on digital currencies.
Ensuring Transparency and Accountability 📊
To maintain oversight, the bill mandates that the state treasurer must provide annual reports that detail the performance of Bitcoin investments. These reports
By
By
By
By
By