Minnesota and Alabama Consider Bitcoin (BTC) Purchases: New Bills Introduced

03 April, 2025, 09:29 AM

Minnesota and Alabama are exploring Bitcoin (BTC) adoption, with newly introduced bills aiming to allow state governments to purchase the cryptocurrency. Cointelegraph reports that the Minnesota bill broadly permits state assets to be invested in cryptocurrencies, including BTC. It also proposes allowing state employees to invest in cryptocurrencies through their retirement accounts, signaling a potential shift towards incorporating digital assets into the state's financial ecosystem. Alabama's bill is more specific, focusing on investments in cryptocurrencies with a market capitalization of $750 billion or more. Given current market conditions, this effectively targets Bitcoin. If passed, this legislation would enable Alabama to directly invest in BTC, diversifying its portfolio and potentially capitalizing on Bitcoin's growth. These bills represent a growing interest in cryptocurrency at the state level, potentially paving the way for broader adoption and integration of digital assets into government finance. Their progress will be closely watched by the crypto community. ```