According to Bitcoin Magazine, U.S. legislators in Tennessee will review the “Tennessee Strategic Bitcoin Reserve Act” (SB 2639) on April 21. The proposal would authorize the state finance officer to allocate a portion of state funds to BTC, with a 10% cap for any single fund and a purchase limit of 5% per fiscal year until the cap is reached. The bill has passed the Senate Commerce and Labor Committee and has been submitted to the Finance Committee for review.

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