Maryland Proposes Bitcoin Reserve Act Amid Growing Crypto Adoption

Quick Summary:

Maryland has introduced the “Strategic Bitcoin Reserve Act of Maryland,” a legislative proposal to establish a Bitcoin reserve fund for the state.

Sponsored by Delegate Caylin Young, the bill aims to allow state funds derived from gambling violations to be allocated into Bitcoin (BTC).

Several states have introduced or are actively debating Bitcoin reserve bills.

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Article Details

Author / Journalist: Ronny Mugendi

Category: Crypto

Markets: IndiaMexico

Topics: 24/7 Cryptocurrency News Crypto adoption Strategic bitcoin reserve Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-07 @ 23:28:14 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 42 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 25970194

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Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 26 posts per day

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News Last Updated: 10 hours ago

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