quotingUnder a new bill, South Carolina’s State Treasurer could allocate up to 10% of the state’s funds into #bitcoin (with a hard cap at 1 million).
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The bill also mandates a proof of reserves.
https://bitcoinmagazine.com/news/proposed-south-carolina-bill-lets-state-treasurer-invest-10-of-state-funds-in-bitcoin
AbstractEquilibrium on Nostr: There are 50 US states and South Carolina generously says they'll stop accumulating ...
There are 50 US states and South Carolina generously says they'll stop accumulating when they have 1 of every 21 BTC that will ever be mined... 🤣