S0550: Investments of Public Funds in Bitcoin
Legislative Summary
Authorizing the Chief Financial Officer to make investments in Bitcoin and other digital assets for a certain purpose; requiring the Chief Financial Officer to maintain flexibility in certain investment decisions; authorizing the Chief Financial Officer to invest money in Bitcoin from certain public funds; authorizing the Trustees of the State Board of Administration to invest and reinvest available funds of the System Trust Fund in Bitcoin; providing that investments of public funds in Bitcoin are exempt from certain security requirements, etc.
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Bill History
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