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Coin Telegraph

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Alabama, Minnesota lawmakers join US states pushing for Bitcoin reserves

  • Lawmakers in Minnesota and Alabama have filed companion bills to allow state investment in Bitcoin.
  • The Minnesota Bitcoin Act would enable the state's investment board to invest in Bitcoin and exempt crypto gains from state income taxes.
  • The Alabama bills do not explicitly mention Bitcoin but limit crypto investments to assets with a minimum market value of $750 billion.
  • A total of 26 US states have introduced Bitcoin reserve bills, with Arizona being the closest to implementing such a law.

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