Illinois pushes for strategic Bitcoin reserve with 5-year hodl strategy
Illinois’ HB1844 bill proposes a state-run Bitcoin reserve with a mandatory five-year holding period before allowing conversions or sales.
Illinois became the latest US state to advance a Bitcoin strategic reserve bill, seeking to deploy the world’s first cryptocurrency as a financial savings technology.
Introduced by Illinois State Representative John Cabello, House Bill 1844 (HB1844) proposes the creation of a strategic Bitcoin (BTC) reserve as a “special fund in the state treasury for the purpose of holding Bitcoin as a financial asset.”
Screenshot of HB1844 bill. Source: Ilga.gov
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Author: Zoltan Vardai
