"Multiple States to Begin Legislative Process for Bitcoin Strategic Reserve This Month"
Son Min
Summary
- 14 U.S. states are pushing for Bitcoin strategic reserve bills, and many of these states are expected to start the legislative process this month.
- The legislative process consists of six steps, and to expedite the process, each state will rapidly proceed with the legislative process over the next six months.
- This decision could be accelerated by the term limits of each state.
It has been claimed that a significant number of the 14 U.S. states preparing Bitcoin strategic reserve bills will begin the legislative process this month.
On the 6th (local time), Dennis Porter, founder of the Satoshi Fund, stated on X, "The usual legislative process involves six steps," and "in most states, this process will begin this month." He added, "Most states have term limits," and "the legislative process will proceed rapidly over the next six months."
Previously, Dennis Porter mentioned that 14 U.S. states are preparing Bitcoin strategic reserve bills.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
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