
Tennessee's proposed Strategic Bitcoin Reserve Act progresses to the Finance Committee, with the potential for the state treasurer to allocate 10% of public funds to Bitcoin investment.
Tennessee's proposed Strategic Bitcoin Reserve Act has been recommended for passage by the state House committee and sent to the Finance Committee for further review. The bill would allow the state treasurer to invest up to 10% of certain public funds in Bitcoin if approved. A companion Senate bill, SB2639, is also scheduled for a hearing. The legislation highlights growing state-level interest in incorporating Bitcoin into public financial strategies.