South Carolina is moving forward with a new plan to use Bitcoin for public funds. The state has introduced a bill called the Strategic Digital Assets Reserve Act. This bill aims to help protect money from inflation. Additionally, South Carolina has dropped its lawsuit against Coinbase, which could bring benefits to locals.
- Lawmakers proposed investing 10% of state funds into Bitcoin.
- The state cannot hold more than 1 million BTC.
- Transparency standards for Bitcoin transactions are included.
- The lawsuit against Coinbase was recently dismissed, allowing residents access to staking rewards.
| Details | Value |
|---|---|
| Maximum BTC Hold | 1 million |
| Potential Bitcoin Investment | 10% of funds |
| Staking Rewards Loss | $2 million |
