Summary
- It was reported that 11 states within the United States are preparing legislation to adopt Bitcoin as a strategic reserve.
- Adopting Bitcoin as a reserve is expected to play a neutral role between the financial ecosystems of SWIFT and BRICS.
- It was added that up to 11 states and 2 countries have already finalized their Bitcoin legislation.
It has been reported that 11 states within the United States are preparing to introduce legislation to adopt Bitcoin (BTC) as a strategic reserve.
According to a report by CoinPedia on the 5th (local time), Dennis Porter, CEO of the Satoshi Action Fund, stated, "More U.S. states and countries are preparing to enact laws for strategic Bitcoin reserves, with up to 11 states and 2 countries already finalizing their preparations."
If U.S. states or countries adopt Bitcoin as a reserve, it is expected that Bitcoin will serve as a neutral financial layer between the U.S.-backed SWIFT ecosystem and the BRICS financial ecosystem.
