Home > Quick > Body

Illinois proposes bitcoin reserve bill that would require a holding period of at least 5 years

clock
2025-01-30 08:55:32
Illinois Congressman John Cabello introduced HB1844, which proposes the establishment of a strategic bitcoin reserve fund at the state Treasury.
The bill, which requires bitcoin to be held in state custody for at least five years before it is allowed to be transferred, sold or converted into other cryptocurrencies, has been sent to the rules committee for final approval by lawmakers.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.