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Wyoming Proposes Legislation To Allow State Funds to Invest in Bitcoin

CoinGape LogoCoinGape11h ago

Wyoming Proposes Legislation To Allow State Funds to Invest in Bitcoin - CoinGape

Quick Summary:

Wyoming lawmakers have introduced House Bill 0201 (HB0201), a bill that would allow the state to invest public funds in Bitcoin.

This proposal from Wyoming is in sync with President-elect Trump’s positive view on Bitcoin and the increasing adoption of Bitcoin, XRP, SOL, and USDC as reserve currencies.

This bill seeks to address risks by only allowing the state to invest in Bitcoin a proportion of its resources, while also testing out its viability as a sound asset.


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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-17 @ 18:58:23 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 547 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 25223536

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About CoinGape

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Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 35 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story "Wyoming Proposes Legislation To Allow State Funds to Invest in Bitcoin" has 547 words across 31 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Wyoming Proposes Legislation To Allow State Funds to Invest in Bitcoin" was covered 11 hours ago by CoinGape, a news publisher based in India.

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The outlet is headquartered in India and publishes an average of 35 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #25223536
  • URL: https://beamstart.com/news/wyoming-proposes-legislation-to-allow-173714093036

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