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Bitcoin US national reserve? The proposal in Pennsylvania
By Davide Grammatica
The idea of creating a “national Bitcoin reserve,” laid out by Donald Trump on the campaign trail, is already a bill in Pennsylvania
BTC “national reserve” in the U.S
In the just-ended election campaign in the U.S., one of Donald Trump ‘s most popular proposals in the crypto community was certainly to establish a “national reserve of Bitcoin”, to legitimize the first crypto as a true and effective store of value.
This idea is already on its way to fruition in Pennsylvania, where, as FOX Business revealed, state lawmakers have reportedly introduced a bill to hold BTC in its budget.
Dubbed the “Pennsylvania Bitcoin Strategic Reserve Act,” the new bill is the first of its kind, and would allow up to 10 percent of state funds to be allocated in Bitcoin , to combat inflation and diversify investments (now all in traditional assets).
“The bill is a functional step in securing our state financially,” said Mike Cabell, Republican Representative from Pennsylvania. “By integrating Bitcoin into our reserves, we not only protect Pennsylvania from the impact of inflation, but also position our state as a leader in ‘financial resilience’ and innovation.”
BTC's legitimacy in the U.S.
If the bill is passed, Pennsylvania would become the first state to hold BTC directly in its budget. Meanwhile, others are preparing to follow suit. One among them, Republican-led Wyoming Cynthia Lummis, who has already made it known that she plans to pass the same bill within the first 100 days of the Trump presidency.
Thanks in part to this news, which follows Trump’s promises to make the U.S. the “cryptocurrency capital,” Bitcoin appears to be solidifying its bullish movement. Since the election of the new president BTC has risen 30 percent, reaching a capitalization of more than $1.8 trillion.
