Tennessee Considers Bitcoin Investment for Public Funds

Tennessee lawmakers are evaluating a proposed bill that would permit the state to allocate up to 10% of specific public funds into bitcoin as a safeguard against inflation. According to NS3.AI, the bill outlines stringent custody and transparency protocols and requires regular reporting on bitcoin holdings and their performance. If enacted, Tennessee would align with several other U.S. states that are exploring or implementing similar strategies to incorporate bitcoin into public financial reserves.