Illinois poised to lead as the first state with Bitcoin reserves. Learn about the latest developments in cryptocurrency adoption across different regions.
The Bitcoin Strategic Reserves Bill in Illinois, introduced by John Cabello, has been referred to the legislative committee to transform the state into the first US state with official Bitcoin reserves. According to the bill, the state treasurer will be authorized to receive Bitcoin gifts and donations from residents and governmental entities and is obligated to hold them for at least five years. Meanwhile, Aleš Michl, the head of the Czech Republic’s central bank, has announced plans to allocate 5% of the country’s $145.6 billion reserves to Bitcoin. Dan Patrick, the governor of Texas, has also declared establishing Bitcoin reserves in Texas as one of his legislative priorities for 2025.
