Sean on Nostr: Are they Strategic Bitcoin Reserves? @Astro raised concerns over the language and ...
Are they Strategic Bitcoin Reserves?
@Astro raised concerns over the language and intent of the bills refered to as “Bitcoin Strategic Reserve” legislation. According to Astro, many of these bills do not exclusively focus on Bitcoin and instead use terms like “ digital assets,” “stablecoins,” and “staking as a service”
New Hampshire HB 302: Mentions “any digital assets with a $500 billion market cap” and includes lanuage about staking.
Utah: Refers to “certain digital assets” without explicitly mentioning Bitcoin.
Massachusetts: Includes the term SBR but broadens the scope to other digital assets and stablecoins.
Ohio HB 713: Dubbed the “Ohio Strategic Cryptocurrency Reserve Act,” it mentions digital assets without a clear Bitcoin focus.
North Dakota HB 1184: Proposes investments in both digital assets and precious metals.
Pennsylvania HB 2664: Mentions Bitcoin and other digital assets, leaving room for interpretation
Astro argued that labeling these bills as “Bitcoin Strategic Reserve” legislation is misleading since they do not exclusively protect or promote Bitcoin.
@Astro raised concerns over the language and intent of the bills refered to as “Bitcoin Strategic Reserve” legislation. According to Astro, many of these bills do not exclusively focus on Bitcoin and instead use terms like “ digital assets,” “stablecoins,” and “staking as a service”
New Hampshire HB 302: Mentions “any digital assets with a $500 billion market cap” and includes lanuage about staking.
Utah: Refers to “certain digital assets” without explicitly mentioning Bitcoin.
Massachusetts: Includes the term SBR but broadens the scope to other digital assets and stablecoins.
Ohio HB 713: Dubbed the “Ohio Strategic Cryptocurrency Reserve Act,” it mentions digital assets without a clear Bitcoin focus.
North Dakota HB 1184: Proposes investments in both digital assets and precious metals.
Pennsylvania HB 2664: Mentions Bitcoin and other digital assets, leaving room for interpretation
Astro argued that labeling these bills as “Bitcoin Strategic Reserve” legislation is misleading since they do not exclusively protect or promote Bitcoin.