Minnesota and Alabama lawmakers introduce bills allowing Bitcoin reserves, part of national trend

From Cointelegraph

April 3, 2025 4:04 am:

Lawmakers in Minnesota and Alabama have introduced bills allowing the states to buy Bitcoin. The Minnesota Bitcoin Act permits investments in crypto, exempts gains from state taxes, and allows residents to pay taxes with Bitcoin. Alabama bills don’t name Bitcoin but limit investments to assets with a market value of $750 billion, currently only Bitcoin.

Identical bills for Bitcoin reserves have been introduced in 26 US states, with Arizona leading the race. Pennsylvania first introduced a Bitcoin reserve bill in November 2024, but it was rejected. Similar bills in Montana, North Dakota, South Dakota, and Wyoming also failed. Political confrontation between parties may have hindered progress in some states.

Read more at Cointelegraph: Alabama, Minnesota lawmakers join US states pushing for Bitcoin reserves