Several U.S. states are currently debating legislation to establish Bitcoin reserves. Texas is contemplating a proposal that requires the state to hold Bitcoin for at least five years in cold storage, with donations from citizens being allowed to fund the reserve. Pennsylvania is also considering a bill that would permit its Treasurer to use up to 10% of various state funds to purchase Bitcoin, potentially allowing for nearly $1 billion worth of the cryptocurrency to be bought. Ohio aims to create a Bitcoin fund within its treasury, giving the State Treasurer the authority to make Bitcoin purchases, though specifics of the plan are yet to be fully outlined. These initiatives reflect a growing trend among states to explore digital currency as a means to bolster financial security and investment.

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