Utah Congressman Jordan Teuscher proposes legislation for strategic bitcoin reserves
2025-01-21 02:58:38
Official document united states house of representatives congressman jordan teuscher proposed strategydesk3cryptocurrencydesktopCrypto News
According to official documents, U.S. Rep. Jordan Teuscher of Utah proposed strategic bitcoin reserve legislation, which aims to authorize the state treasurer to invest in specific digital assets, including virtual currencies, cryptocurrencies and stablecoins with a market value greater than $500 million, and establish relevant requirements and regulations for the management and investment of these assets. The investment ratio shall not exceed 10% of the total funds in the account.
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