Alabama, USA, Proposes Bill Allowing Public Funds to Invest in Bitcoin

Source
Son Min

Summary

  • It was announced that a bill has been proposed in Alabama to allow public funds to be invested in virtual assets.
  • This bill reportedly allows some public funds to be invested in Bitcoin and virtual assets.
  • Currently, Bitcoin is trading at $84,726, up 0.92% from 24 hours ago.

It has been revealed that a bill has been proposed in Alabama, USA, to allocate part of the state's public funds to virtual assets (cryptocurrencies).

On the 2nd (local time), Bitcoin Magazine announced on X that "a bill has been proposed to allow part of Alabama's funds to be invested in Bitcoin (BTC) and virtual assets."

As of 9:21 PM, Bitcoin is trading at $84,726, up 0.92% from 24 hours ago, based on the Binance USDT market.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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