An Illinois state legislator in the United States has proposed a new bill to allow public funds to invest in Bitcoin treasury company stocks.

2026-04-02 22:58:25

Abstract generation in progress

ME News update, March 31 (UTC+8), Illinois state senator Steve McClure of the United States introduced SB3672—the “Local Government Digital Asset Investment Act,” which plans to amend the state’s “Public Funds Investment Act,” allowing public institutions in Illinois to allocate up to 5% of public funds to bitcoin-related financial products. According to the bill’s definition, qualifying “digital asset stocks” must be equity of publicly listed companies, and the company must be verified by its most recent audited financial statements to have at least 25% of its total assets held in bitcoin or other digital currencies. This threshold brings companies such as Strategy, Twenty One Capital, Metaplanet, and Semler Scientific—whose core strategy is accumulating bitcoin—into the investment scope. The bill also allows public funds in Illinois to invest in bitcoin ETFs and bitcoin bonds, along with added transparency requirements. (Source: ChainCatcher)

BTC-0.07%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.