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Minnesota and Alabama Legislators Propose Bills for State Bitcoin Investments

  • Minnesota and Alabama lawmakers propose bills to allow state investments in Bitcoin.
  • Minnesota's bill would enable state funds into Bitcoin and other cryptocurrencies, allow residents to pay taxes in Bitcoin.
  • Alabama's bill allows investments in digital assets with a market value of at least $750B, making Bitcoin the only qualifier.
  • This trend of state-level Bitcoin bills as a hedge against inflation is seen with 47 bills introduced in 26 states.

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