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The United States adds two more states to introduce BTC reserve bills, and Heritage, a listed distillery, plans to accept BTC payments.
The states of North Dakota and New Hampshire in the United States today proposed separate bills suggesting that some state government funds be invested in digital assets and precious metals to combat inflation and achieve diversified asset allocation. A New Hampshire legislator even bluntly stated: the last state to establish a BTC reserve will lag behind, and all states should take action as soon as possible. (Background: Ohio legislators proposed a BTC reserve bill: the depreciation of the US dollar is accelerating, and BTC is needed to protect tax revenue.) Since Trump was elected president, several states in the United States have been considering implementing their own BTC reserve plans. Dennis Porter, co-founder of the BTC advocacy organization Satoshi Nakamoto Action Fund (SAF), stated earlier this month that it can be confirmed that at least 13 states are advancing legislation related to ‘BTC strategic reserves.’ He further stated: It is almost 100% certain that a certain state in the United States will purchase BTC within 4 months. Florida, Texas, Pennsylvania, and Ohio are all considering establishing BTC strategic reserves. In addition, Louisiana has been accepting BTC and Stable Coin USDC for payment of state government service fees since September last year. As the idea of BTC as a reserve asset becomes increasingly recognized, more and more companies are beginning to include BTC in their reserves. According to Decrypt, the distillery Heritage Distilling (NASDAQ code: CASK) today also announced plans to hold BTC as a ‘strategic asset’ and accept BTC as a payment method, becoming one of the first companies in the craft spirits industry to adopt a cryptocurrency strategy.