Yesterday, Rep. Jordan Pace reintroduced Bill H. 4256, The “Strategic Digital Assets Reserve Act Of South Carolina”, into South Carolina’s House of Representatives.

Highlights from the bill include the fact that it enables the State Treasurer to invest up to 10% of the funds under the state’s management into digital assets, including bitcoin, and that the state’s Strategic Digital Assets Reserve can include up to one million bitcoin.

The bill also states that the reason for establishing such a reserve is because “inflation has eroded the purchasing power of assets held in state funds” and that “bitcoin, a decentralized digital asset, and other digital assets…

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