U.S. Congressman for Tennessee, Jason Powell, states that his state and other municipalities bitcoin, cryptocurrencies and to NFTs He introduced a bill that allowed him to invest.
The “Tennessee House Bill 2644”, which was recently introduced to the legislature, is passed to a county, municipality, or state if approved. cryptocurrencywill authorize investing in blockchains and NFTs.
Democrat Representative Powell has proposed adding cryptocurrencies and NFTs to the list of investments allowed by state law.
Powell said these new investments could be made with unused idle funds from states and municipalities.
The cryptocurrency bill submitted by Jason Powell has been referred to a subcommittee within the House Finance, Methods and Tools Committee for further consideration.
Cryptocurrency Approach of US States!
Although it is currently unclear how much support this bill will receive, the Tennessee lawmaker has become one of the US officials who want to make positive regulations for Bitcoin and cryptocurrencies.
Because US Senator Wendy Rogers, who broke new ground in January, presented a bill for Bitcoin to become the official currency in the state of Arizona.
In December, Florida Governor Ron DeSantis recommended allowing businesses in the state to pay fees with cryptocurrencies, including Bitcoin.
*Not investment advice.