Minnesota senator proposes Bitcoin Act after going from skeptic to believerMinnesota state Senator Jeremy Miller introduced the Minnesota Bitcoin Act on March 17 to allow the state to invest in Bitcoin (BTC) and other cryptocurrencies, which he drafted after completely changing his stance on the space.“As I do more research on cryptocurrency and hear from more and more constituents, I’ve gone from being highly skeptical to learning more about it, to believing in Bitcoin and other cryptocurrencies,” Miller said in a statement announcing the bill.
Several other US states have introduced similar Bitcoin-buying bills, with 23 states having introduced legislation to create a Bitcoin reserve, likely influenced by Senator Cynthia Lummis’ Strategic Bitcoin Reserve Act, which would see the federal government buy 1 million Bitcoin.
Bo Hines: Expect stablecoin legislation “in next two months”The executive director of the President’s Council of Advisers on Digital Assets, Bo Hines, told the Digital Asset Summit in New York that stablecoin legislation is “imminent” following the Senate Banking Committee’s swift approval of the GENIUS Act earlier this month.
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Author / Journalist: Cointelegraph by Cointelegraph
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