South Carolina introduces a bill to create a Bitcoin reserve, allowing up to 10% of state funds to be invested in digital assets with strict oversight.

South Carolina’s House of Representatives has introduced a bill that would allow the state treasurer to establish a Bitcoin reserve as part of a broader effort to hedge against inflation and ...

A new bill submitted to South Carolina’s House of Representatives enables the State Treasurer to build a “Strategic Digital Assets Reserve”, which can include up to one million bitcoin. Yesterday, Rep ...

Jordan Pace, mentioned Bitcoin on several occasions for the Strategic Digital Assets Reserve that the bill seeks to establish. Source: Jordan Pace The bill allows South Carolina’s treasurer ...

This article Proposed South Carolina Bill Allows State Treasurer to Allocate 10% of State Funds in Bitcoin first appeared on Bitcoin Magazine and was authored by Frank Corva . Crypto Investing ...

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South Carolina has introduced House Bill 4256, allowing the state's treasury to hold Bitcoin and other digital assets. It is the most recent state to adopt the Strategic Digital Assets Reserve Act.

4256, The “Strategic Digital Assets Reserve Act Of South Carolina”, into South Carolina ... s management into digital assets, including bitcoin, and that the state’s Strategic Digital ...