North Dakota is the latest US state to consider inclusion Bitcoin in their budgets. On Friday, the North Dakota Legislature introduced A accuracy It aims to invest “selected government funds in digital assets and precious metals.”

Resolution 3001 aims to reduce the impact of inflation on North Dakota's finances by diversifying the assets in which the state invests. North Dakota Representatives Nathan Toman, Matthew Heilman, Jared Hendricks, Daniel Johnston, Swan Olson, and Todd Porter, along with Senators Jeff Barta and Bob Paulson, introduced the resolution.

The decision stated, “Whereas the changing economic conditions and emerging investment opportunities require the wise investment of the state’s financial resources.”

If passed, the North Dakota Legislature would direct the state Treasurer and Investment Board to allocate portions of key state funds to invest in digital assets. However, it is worth noting that although investment in digital assets is encouraged, the resolution does not specifically mention Bitcoin.

Also on Friday, legislation for a state Bitcoin reserve was introduced in New Hampshire, and although the proposed bill also did not mention Bitcoin by name, Bitcoin would be the only currency eligible for New Hampshire's reserve based on market capitalization terms. But North Dakota's decision does not include the same criteria.

“The resolution simply encourages the state treasurer and state investment board to consider investing in different types of assets rather than what they are currently doing,” said John Bjornson, director of the North Dakota Legislature. Decryption. “It does not carry the force of law, so it does not include definitions about what those definitions might include that might be more appropriate to the bill.”

A vote on Resolution 3001 is expected to take place on Tuesday, but until then, the move remains mostly symbolic. last Countries Strategic Bitcoin reserves include Florida, Texas, Pennsylvania, Ohio, and New Hampshire. In September, Louisiana It began accepting payments for services using Bitcoin and the stablecoin USDC.

New Hampshire Rep. Keith Ammon said, “The last state to build Bitcoin reserves will lose.” Decryption Earlier on Friday. “It is urgent that states act sooner rather than later, and this requires some education on the part of state officials.”

Modified by Andrew Hayward