Illinois promotes the Bitcoin Strategic Reserve Act, it is intended to hold at least 5 years

Panews January 30 news, Illinois has become the latest state in the United States to promote the Bitcoin strategic reserve bill. The HB1844 Act proposed by the state member John Cabello recommends that a "Bitcoin Strategic Reserve Fund" is recommended as a special fund for state finance and used to hold Bitcoin's financial assets.

According to the bill, the Ministry of Finance needs to hold at least 5 years in Bitcoin, and then you can choose to transfer, sell or convert it to other cryptocurrencies. The bill was submitted to the Rules Committee on January 29 to wait for further regulatory details and legislative approval.

It is worth noting that this initiative in Illinois follows the Arizona Senate to promote Bitcoin reserve legislation, and the latter seeks allowing public funds and pensions to invest in Bitcoin. MANSA co -founder and CEO MOULOUKOU SANOH said that this move is an important step for Bitcoin's popularity in the United States, or it will inspire more states to follow up, but the national approval still takes time and regulatory clarity. In addition, Texas also included Bitcoin reserves in 2025 legislation priorities.