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Tennessee Bitcoin Reserve Bill Advances
Tennessee's Strategic Bitcoin Reserve Bill heads to the Senate Finance Committee on April 21.
Key points:
🔹 Up to 10% of public funds can be allocated to Bitcoin
🔹 Annual purchase limit of 5%, no bulk buying
🔹 Bitcoin only, no alternative coins
🔹 Mandatory cold storage + multi-party custody
🔹 On-chain proof of reserves required
If passed, it will take effect starting July 1, 2026.
Tennessee joins Texas, Missouri, and West Virginia in treating Bitcoin as an inflation hedge at the state level.
"Bitcoin ban" to "Bitcoin purchase" is a real thing.#GatePreIPOsLaunchesWithSpaceX $BTC $GT #GatePreIPOsLaunchesWithSpaceX