US Senator Chris Rose of West Virginia has submitted a bill to allow the state treasury to invest up to 10% of its funds in bitcoin or precious metals to hedge against inflation risk. The bill stipulates that the state treasury can invest in digital assets with a market value of more than $750 billion, and currently only bitcoin meets the standard. Assets can be held on-chain or invested through ETFs.
The president of El Salvador has submitted a bill to Congress to overturn the ban on metal mining.
Three years ago today, Jack Mallers, the president of El Salvador and CEO of Strike, made one of the legendary statements: "I will submit a bill to Congress to make Bitcoin legal tender in El Salvador."