Alabama and Minnesota lawmakers push to establish Bitcoin reserves

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[Alabama and Minnesota lawmakers push for Bitcoin reserve] Lawmakers in Minnesota and Alabama have submitted companion bills identical to existing legislation that would allow states to purchase Bitcoin. On April 1, Republican Representative Bernie Perryman submitted the "Minnesota Bitcoin Bill" (HF 2946) to the state House, following a similar bill introduced by Republican State Senator Jeremy Miller on March 17. Meanwhile, on the same day in Alabama, Republican Senator Will Barfoot introduced Senate Bill No. 283, while a bipartisan group of House members led by Republican Mike Shaw introduced the identical House Bill No. 482, which allows the state to invest in cryptocurrency but essentially limits it to Bitcoin.

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