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LATEST: Iowa Considers Legislation to Allow State Treasury Bitcoin Investments Now

Summary by cryptocrunchapp.com
House File 246 known as the Inflation Protection Act marks a significant stride for digital asset integration into state-level fiscal strategies. Authored by Collins the bill enables the Iowa State Treasurer to invest up to 5% of certain public funds into cryptocurrencies and precious metals aiming to shield state finances from inflation. The legislation specifies investments in digital assets with substantial market capitalizations including st…
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Iowa Introduces Bill Allowing State Treasurer to Invest in Bitcoin and Crypto, Accessing $45 Billion Fund

Iowa has introduced a new bill that would allow the state treasurer to invest in Bitcoin and other cryptocurrencies. This legislative move is seen as a significant step toward integrating cryptocurrency into state financial strategies. The state has approximately $45 billion available for investment, which could lead to increased interest and participation in the cryptocurrency market. The proposal is gaining attention and support, with various …

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cryptocrunchapp.comcryptocrunchapp.com

LATEST: Iowa Considers Legislation to Allow State Treasury Bitcoin Investments Now

House File 246 known as the Inflation Protection Act marks a significant stride for digital asset integration into state-level fiscal strategies. Authored by Collins the bill enables the Iowa State Treasurer to invest up to 5% of certain public funds into cryptocurrencies and precious metals aiming to shield state finances from inflation. The legislation specifies investments in digital assets with substantial market capitalizations including st…

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cryptocrunchapp.com broke the news in on Friday, February 21, 2025.
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