According to Decrypt, as reported by Foresight News, both Alabama and Minnesota are advancing legislative frameworks for state Bitcoin reserve plans. In Minnesota, House Bill 2946, proposed by Representative B. Olson on Tuesday, will allow the state to directly invest in Bitcoin. Meanwhile, in Alabama, Senator April Weaver (R-AL) submitted Senate Bill 283 this week. Although neither bill explicitly mentions Bitcoin, the legislation restricts qualifications to digital assets with a market capitalization of at least $750 billion, which currently only Bitcoin meets. In addition to direct investment, the bills allow state governments to accept digital assets for tax payments and government transactions. If these proposals are approved, they will take effect on October 1, 2025, in Alabama and January 1, 2026, in Minnesota.
Alabama and Minnesota pass companion bills to advance digital asset reserve programs
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