Proposed South Carolina Bill Lets State Treasurer Invest 10% Of State Funds In Bitcoin

Proposed South Carolina Bill Lets State Treasurer Invest 10% Of State Funds In Bitcoin

A new bill submitted to South Carolina’s House of Representatives enables the State Treasurer to build a “Strategic Digital Assets Reserve”, which can include up to one million bitcoin. Yesterday, Rep. Jordan Pace reintroduced Bill H. 4256, The “Strategic Digital Assets Reserve Act Of South Carolina”, into South Carolina’s House of Representatives. Highlights from the bill include the fact that it enables the State Treasurer to invest up to 10% …

South Carolina Takes Bold Steps to Embrace Crypto Investment

South Carolina's new bill allows state funds to be invested in cryptocurrencies. The legislation aims to create a strategic reserve of crypto assets. Continue Reading:South Carolina Takes Bold Steps to Embrace Crypto Investments The post South Carolina Takes Bold Steps to Embrace Crypto Investme...

New South Carolina Bill Proposes State Treasurer to Allocate 10% of Funds to Bitcoin Investments

Bitcoin Magazine Proposed South Carolina Bill Allows State Treasurer to Allocate 10% of State Funds in Bitcoin Recently, Representative Jordan Pace has reintroduced Bill H. 4256, known as the “Strategic Digital Assets Reserve Act of South Carolina,” to the House of Representatives in South Carolina. This bill proposes that the State Treasurer be allowed to invest as much as 10% of the state-managed funds into digital assets, such as bitcoin, wit…

South Carolina Ends Legal Action Against Coinbase As State Considers Bitcoin Reserves

South Carolina has dismissed its lawsuit against Coinbase regarding its staking services, according to a joint stipulation filed on March 27. The state joins Vermont in dropping legal action that had accused the crypto exchange of offering unregistered securities."South Carolina just joined Vermont to dismiss its unfounded staking lawsuit against Coinbase," said Paul Grewal, Coinbase's chief legal officer, in a post on X. Grewal noted that South…

South Carolina Considers Bitcoin Reserve in New State Treasury Proposal

The proposed legislation, known as the “Strategic Digital Assets Reserve Act,” would allow the state treasurer to allocate up to […] The post South Carolina Considers Bitcoin Reserve in New State Treasury Proposal appeared first on CoinsPress.

The Trend Continues: South Carolina Joins States Exploring Bitcoin Reserves

South Carolina introduced the “Strategic Digital Assets Reserve Act of South Carolina.” State lawmaker Jordan Pace introduced the bill as Kentucky and Arizona embrace BTC. The bill proposes the South Carolina treasurer to create a Bitcoin reserve of up to 1 million BTC. South Carolina has taken a significant step toward potentially allowing Bitcoin into its state financial strategy. State Representative Jordan Pace introduced the “Strategic Digi…