A legislator from South Dakota has introduced a new bill allowing the state to invest a portion of its public funds in Bitcoin, following previous efforts that failed last year. The bill (No. 1155) proposes to amend the public investment laws so that the investment council can allocate up to 10% of qualified funds for investment in BTC through direct holdings or regulated financial products.

As the project has set strict controls for the preservation and security of Bitcoin, this comes amid increasing official and strategic interest in Bitcoin in several U.S. states. �source

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