South Carolina bill proposes allocating public funds to Bitcoin as a strategic reserve asset
State representative Jordan Pace introduced a bill proposing the Strategic Reserve of Digital Assets, allowing the state treasurer to allocate up to 10% of certain public financial resources to digital assets, with Bitcoin (BTC) as a priority. The bill provides a secure framework for holding up to a maximum of one million Bitcoins and mandates regular audits. Pace stated that this initiative provides the treasurer with new tools to safeguard financial assets against inflation. This trend is part of the national inclination of states to consider adding Bitcoin to their reserves.
