In a latest development, Republican Senator Peter Durant of Worcester County, Massachusetts, has introduced legislation aimed at establishing a Bitcoin strategic reserve. Notably, the Worcester County native joined Texas, Pennsylvania, and Oklahoma as states considering similar bills. Also, Massachusetts is the first traditionally Democratic state to consider legislation allowing cryptocurrency investments. The proposal suggests using part of the state’s $9 billion rainy day fund to buy Bitcoin, with a 10% cap on how much can be invested in the cryptocurrency. The bill emphasizes that Bitcoin would be a small portion of the state’s portfolio, not a full divestment.
It’s now been 20 days since Judge Analisa Torres denied both Ripple and the SEC’s…
The price of XRP has been stuck in a tricky situation lately. While the long-term…
The wider altcoin market, led by Dogecoin (DOGE), recorded a mild retrace in the last…
Coinbase Global Inc. (NASDAQ: COIN) announced plans to list PancakeSwap ($CAKE) in the near future.…
Treasure Global Inc. (NASDAQ: TGL), a United States-based tech company focused on developing consumer intelligence…
JPMorgan Chase & Co. (NYSE: JPM), a top-tier financial institution with a sprawling global presence,…
