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South Dakota lawmaker proposes two Bitcoin Reserve bills, eyes 10% state fund allocation – TON BOT

South Dakota lawmaker proposes two Bitcoin Reserve bills, eyes 10% state fund allocation

South Dakota Representative Logan Manhart introduced two legislative proposals on Jan. 30 to incorporate Bitcoin into the state’s investment strategy. HB 1202 would allow for 10% of public funds to be allocated to Bitcoin, while HCR 6006 urges exploration of Bitcoin as a hedge against inflation. South Dakota became the 13th state to pass such legislation.


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