Summary
- Massachusetts Senator Peter Durant announced the introduction of a bill to establish a strategic Bitcoin reserve.
- The bill allows a portion of Massachusetts' $9 billion rainy day fund to be held in BTC, with the state treasurer being responsible.
- BTC is trading at $105,544.08, up 5.58% from the previous day, based on the Binance Tether market.
On the 17th (local time), according to the cryptocurrency-focused media Watcher Guru, Massachusetts Senator Peter Durant introduced a bill to establish a strategic Bitcoin (BTC) reserve.
The bill allows a portion of Massachusetts' $9 billion rainy day fund to be held in BTC, with the state treasurer being responsible for it.
Following Wyoming Senator Cynthia Lummis's proposal for a Bitcoin strategic reserve last November, similar bills have been introduced in Texas, Pennsylvania, and Florida.
Meanwhile, BTC is trading at $105,544.08, up 5.58% from the previous day, based on the Binance Tether (USDT) market as of 04:41 on the 18th.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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