Georgia enters the Bitcoin reserve race with state BTC treasurer bill

The senator of the state of Georgia, Greg Dolezal, presented Bill 178 of the Senate, which aims to allow the Treasurer of the State to invest in Bitcoin.

The bill, coparraine By senators Brandon Beach and Clint Dixon, was added to the Senate Hopper for examination.

If it is adopted, this legislation would authorize the treasurer of the state of Georgia to include bitcoin (BTC) in the state investment portfolio. This movement reflects a growing interest Among the American states in the exploration of digital assets within the framework of their financial strategies.

Currently, the Senate Bill 178 bill is expecting more and more discussions and approval within the legislative process of Georgia. His progress will be closely monitored by people interested in the evolution of relations between government finance and digital currencies.

Matthew Sigel by Vaneck reported The fact that the growing number of American state proposals to allocate Bitcoin reserves could generate $ 23 billion in purchase pressure, with potential stimulating retirement fund investments.

Georgia and the Bitcoin space race

With this, Georgia joins 20 other American states which are currently considering a strategic cryptocurrency reserve and are various steps legislation.

Utah stands out with notable advanced; His bill on the Bitcoin reserve received the approval of the Chamber’s economic development committee on January 28, 2025 and is now waiting for a vote in the Senate. If it is adopted, Utah could become the first state to implement a Bitcoin reserve.

Other states, including Missouri, Arizona, Oklahoma and Kentucky are also actively working on similar initiatives. The list of states considering these measures also includes Alabama, Florida, Massachusetts, New Hampshire, North Dakota, Ohio, Pennsylvania, Texas, Kansas and Wyoming.