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Minnesota Introduces a Bill to Allow the State Investment Board to Invest in Crypto

  • Minnesota introduced House File 2946 (HF2946) proposing to allow the State Board of Investment (SBI) to invest in cryptocurrencies like Bitcoin.
  • The bill aims to modernize financial plans, diversify the state's investment, and take advantage of the growing crypto market.
  • Other U.S. states, including Alabama, Texas, and Wyoming, have also explored crypto-based reserves.
  • If passed, Minnesota will be one of the first states to invest state reserves in cryptocurrency.

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