The Bitcoin Policy Institute (BPI) has proposed a model bill for US states to allocate 3% of their treasuries to Bitcoin as a strategic reserve asset.
The toolkit document aims to help states diversify treasury holdings, hedge against currency debasement, and achieve long-term fiscal stability through BTC adoption.
Key features of the proposal include creating a Strategic Bitcoin Reserve, imposing real-time Proof-of-Reserves, and establishing Bitcoin Tax-Advantaged Zones to promote industry growth.
Some states, such as New Hampshire, Arizona, and Texas, have already enacted laws to allocate state funds to Bitcoin and digital assets.