TechFlow reports that on March 28, according to Decrypt, South Carolina Representative Jordan Pace introduced the "Strategic Digital Assets Reserve Act" (HB4256), proposing to allow the state treasury to invest up to 10% of certain public funds in digital assets, with a preference for Bitcoin.
The bill authorizes the state treasury to purchase and hold Bitcoin as a strategic reserve within state-managed funds such as the General Fund and Budget Stabilization Reserve Fund, with a holding cap of 1 million Bitcoins.
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