Yet another strategic Bitcoin reserve (SBR) bill has been submitted to the Georgia Senate.
Notably, the legislative effort (SB 228) was introduced by the Democrats.
The bill has emerged as a partisan competitor to the SBR bill that was put forward by the Republicans (SB 178) ten days ago.
Arman ShirinyanNotably, the bill that was introduced by the Democrats has no investment limit. For comparison, the competing bill has a 5% cap.
Overall, more than 20 state-level SBR bills have now been introduced in the US.
in the meantime, an SBR bill (HB 429) recently failed to pass a second reading in the Montana House, meaning that it is effectively dead arrival. The bill failed due to many Republicans voted against the the initiative.
UT is currently in the lead when it comes to the SBR race. Last week, its HB230 passed the Senate Revenue and Taxation Committee. The Senate will now hold a second reading, which will be followed by a third reading. The final step would be the governor signing the bill into law.
As reported by U.Today, similar SBR bills have also been introduced in such states as North Carolina and Kentucky.
Vladislav Sopov
Dan Burgin