Creates the "Cryptocurrency Strategic Reserve Fund" and allows the state treasurer to receive, invest, and hold digital assets under certain circumstances
What changed between versions
The fund name and purpose changed from a 'Bitcoin Strategic Reserve Fund' to a 'Cryptocurrency Strategic Reserve Fund' to accommodate multiple digital assets.
The definition of 'cryptocurrency' was updated to explicitly list Bitcoin, Solana, Ethereum, Ripple XRP, and USDC, and to include stablecoins and non-fungible tokens.
New definitions were added for 'Blockchain', 'Blockchain protocol', 'Node', 'Stablecoin', and 'Staking' to provide clarity on technical concepts.
The specific definition for 'Cold storage' was modified to apply to 'digital assets' rather than just 'bitcoin', and the definition for 'Donor' was updated to reflect the new asset types.
New rules were added allowing the state treasurer to 'stake' digital assets using a third-party solution, provided the state retains legal ownership.
References to 'bitcoin' were replaced with 'digital assets' throughout the bill to reflect the broader scope of the fund.