US state of Dakota proposes to establish digital assets and precious metals reserve

PANews reported on January 11 that according to Decrypt, the North Dakota State Legislature in the United States proposed a resolution aimed at “investing part of state funds in digital assets and precious metals.” Resolution 3001 was designed to curb the fiscal impact of inflation by diversifying the assets in which the state invests. The resolution stated: “Given that changing economic conditions and emerging investment opportunities require prudent investment of the nation’s financial resources.” It is worth noting that although the resolution encourages digital asset investment, it does not specifically mention Bitcoin. North Dakota Representatives Nathan Toman, Matthew Heilman, Jared Hendrix, Daniel Johnston, SuAnn Olson and Todd Porter and Senators Jeff Barta and Bob Paulson sponsored the resolution.

It was reported early this morning that New Hampshire proposed a bill to establish a “strategic Bitcoin reserve.”