#Blockchain Innovation | Be Aware, Don't Trust, Always Verify | I just do #ShitPosts ๐ฝ, Not a Financial Advice ๐ | (Re)posts are Not Endorsements ๐, #DYOR ๐
MASSIVE BREAKING: A new bill enabling Ohio to create a 'Strategic Bitcoin Reserve' with 6 co-sponsors has been introduced in the state of Ohio by Majority Whip @steve4ohiohouse.
Key notes about the bill:
1. The state can allocate up to 10 percent of its general fund, budget stabilization fund, and the prizes trust fund into Bitcoin.
3. Robust custody solutions are laid out ensuring the state uses self-custody or a qualified custodian.
3. The bill is tech neutral and uses the term 'digital asset' to reduce political friction ensuring the state can move rapidly to protect the purchasing power of its funds from runaway inflation.
4. A $750 billion market cap must be met to qualify for the reserve ensuring that as of today only Bitcoin qualifies - this metric also requires an average of 12 months further ensuring stringent requirements are met to qualify.
This bill is a bold move with strong support by leadership and a total of 6 co-sponsors, further boosting its chances of passing into law.
We fully support and endorse this bill and we will be working closely with the bill sponsor and advocates to ensure this legislation becomes a reality.
Unpopular opinion: ๐
All governments should track all their spending on the blockchain, an immutable public ledger.
It's called "public spending" for a reason.
It has come to my attention that a fake crypto coin called โIvanka Trumpโ or โ$IVANKAโ is being promoted without my consent or approval.
To be clear: I have no involvement with this coin. This fake coin risks deceiving consumers and defrauding them of their hard-earned money, and the unauthorized use of my name and likeness is a violation of my rights.
This promotion is deceptive, exploitative, and unacceptable. My legal team is reviewing and will be pursuing measures to stop the continued misuse of my name.
In my opinion, there has never been a better time to invest in the United States. Bet on our markets, on energy, on technology and on crypto - bet on the greatest nation on earth - a nation that has been freed from its constraints and shackles and now has limitless potential! No question Biden left a mess - but that mess will be corrected and the next four years are going to be spectacular. Transformational wealth will be created and I hope everybody enjoys the ride.