Illinois has joined a number of other states in proposing the creation of a Bitcoin reserve. State Representative John Cabello has introduced House Bill 1844 (HB1844), aiming to establish a Strategic Bitcoin Reserve Fund. This fund would be managed by the Illinois State Treasurer if the bill is passed.
This initiative reflects a growing trend among states seeking to establish Bitcoin reserves. Illinois follows in the footsteps of several states considering similar legislative measures to incorporate Bitcoin into their financial strategies.
Coinpedia Fintech News initially covered this development, highlighting the increasing interest in Bitcoin at the state level.
