After the establishment of United States National Reserve in Bitcoin By Donald Trump, several US states are making efforts to be the first to have it: one of these is Ohio.
As of today, there has not been anyone who has definitely approved a law in this regard, although there are some in which the bill has already successfully approved the initial stages and is about to be definitively approved.
Ohio’s Bitcoin reserve
Yesterday, the representative of Ohio’s house Steve Demetriou fixed who is working hard in Columbus to create a Bitcoin state reserve.
Colon It is the city where the state institutions of Ohio are located.
Ohio is one of the calls “Swing status“, That is, one of those US states where there is no clear historical majority of Republicans or Democrats. With its eleven million inhabitants, and up to 17 electoral votes, it is often decisive for the election of the president nationwide.
Its current governor is republicanAnd to be honest, since 2016 the repubbllicani have always won in Ohio. Therefore, it is not as crucial as the neighbor of Pennsylvania, but historically it is not repubblican as much as, for example, Texas or neighbor of Indiana.
However, after being predominantly republican for almost a decade, it is not surprising that it is one of those who run to approve a Bitcoin reserve as soon as possible, as desired by Trump nationwide.
The states in addition to Ohio intend to have a strategic reserve in Bitcoin
In Oklahola, The bill to establish a reserve in Bitcoin is already approaching the finish line, since his house has approved it with 77 votes in favor and only 15 against. Now you just need The approval of the Senate and the signing of the governor.
The situation is also similar in Texas.
The state where the process is more advanced is Arizonaas reported by the call “Reserve career“Of the laws of Bitcoin.
In fact, if there are currently only three states in which a bill to establish a reserve Bitcoin He has already obtained the approval of the camera (Oklahoma, Texas and Arizona), only in Arizona also obtained the approval of the Senate Finance Committee. Therefore, only in Arizona there is only a remaining final step, namely the approval of the Senate, before the governor signs the law and enters into force.
On the other hand, in Oklahoma, you still need to obtain the approval of the Senate Finance Committee after being approved by the Chamber.
Ohio is among the wide variety of states where the bill only received the approval of the Chamber Finance Committee and, therefore, must still be presented to the vote of the house itself.
There is also a state, W.V.Where the bill has not yet received the approval of the first committee, while there are five where it has already been rejected (Montana, Dakota del Norte, Dakota del Sur, Wyoming and Pennsylvania). However, in these five states, it is not certain that similar bills cannot be presented in the future.
To these are added another 15 states where no bill has yet been proposed in this regard.
The moment
With respect to the bill that would establish a Bitcoin reserve in Arizona, although it is just a vote of distance, it is not certain that it can be put in vote soon.
However, in the camera he took approximately one month be approved, once the committee’s vote approved, so it is reasonable to expect it to be approved At the end of April.
However, in Oklahoma and Texas, it must still be analyzed by the Senate Finance Committee, and it is not certain that this happens soon.
However, in both cases, in less than two months, it was written, presented and approved in the Chamber, so it is reasonable that it may take less than two months to be approved in the Senate.
Keep in mind that even in Texas, the camera has approved for a large majority and, like Oklahoma, it is a state of bull with a republican majority. Arizona, on the other hand, is directed by Democrats.
The effects on the price of BTC
However, it does not seem that a possible final approval can have a significant impact on the Bitcoin price.
In fact, he did not even have the approval of the National Strategic Reserve By the hand of Donald Trump.
However, what could really make a difference is the possible news of a BTC Purchasing campaign.
The National Strategic Reserve for now does not foresee any BTC purchase, but only the inclusion in the Bitcoin reserve already in possession of the Department of Justice thanks to the judicial seizures made in recent years.
The reserves of the individual states, on the other hand, cannot resort to the seized BTC, because such seizures are carried out by the National Justice Department. Therefore, once the Bitcoin reservation is established, they will have to say how they intend to proceed to put BTC in it.
The initial hypothesis is to collect them through donations or payments to the State, but it could really be very little. If any state eventually announced an important BCT shopping bull campaign, this could have positive effects on the price of Bitcoin.
