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States Are Racing to Throw Taxpayers' Money Into "Strategic Cryptocurrency Reserves"

Joe Wilkins

created: Feb. 2, 2025, noon | updated: March 19, 2025, 5:36 p.m.

<p>Like rats in a flood Black Friday shoppers of yore, state governments are crawling over each other to be the first to dump their taxpayer's money into the blockchain. And though the threat of missing out on door busters might seem urgent, the real danger lies in the scramble. On Tuesday, the Arizona state Senate Finance Committee passed the "Strategic Bitcoin Reserve Act," also known as SCR1005, up to the Senate Rules Committee for review. This is the last step before it goes to the broader Senate, and then the state House of Representatives. There's a long way to go. […]</p>

5 months, 1 week ago: Futurism