Summary
- A Wyoming House Representative has announced the submission of a bill allowing the state government to invest in Bitcoin.
- The bill aims to allocate up to 3% of the state's public funds to BTC investments.
- It was reported that up to $300 million could be allocated to BTC investments based on the size of Wyoming's funds.
According to CryptoSlate, a cryptocurrency-focused media outlet, Jacob Wasserburger, a member of the Wyoming House of Representatives, has introduced a bill that would allow the state government to invest in Bitcoin (BTC).
The bill aims to allocate up to 3% of the state's public funds to BTC investments. As of the end of November last year, this could mean up to $300 million could be allocated to BTC investments based on the size of Wyoming's funds.
Previously, Wyoming Senator Cynthia Lummis had proposed the introduction of a Bitcoin strategic reserve.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
