#BTC Illinois has become the latest state to push forward BTC as a strategic reserve. Illinois Representative John Cabello introduced House Bill 1844, suggesting to hold BTC as a financial asset of the state. According to the proposal, BTC assets will be held for at least five years once the state's BTC fund is established. The legislation states, "The Secretary of the Treasury shall hold all BTC held in the fund for a period of not less than five years from the date the ownership is transferred to the state." After five years, the Illinois Department of the Treasury will have the authority to sell, convert, exchange for other cryptocurrencies, or use the BTC in the fund for public expenditures. The BTC reserve competition among U.S. states began immediately after Arizona's Senate advanced similar BTC reserve regulations. Arizona's move aims to direct public funds and pension investments into BTC. Most

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