The post Tennessee Lawmakers Weigh Strategic Bitcoin Reserve Bill appeared on BitcoinEthereumNews.com. Tennessee lawmakers are considering legislation that wouldThe post Tennessee Lawmakers Weigh Strategic Bitcoin Reserve Bill appeared on BitcoinEthereumNews.com. Tennessee lawmakers are considering legislation that would

Tennessee Lawmakers Weigh Strategic Bitcoin Reserve Bill

Tennessee lawmakers are considering legislation that would allow the state to hold bitcoin as part of its public financial reserves. 

If passed, the measure would place Tennessee among a small group of U.S. states that have moved to formalize bitcoin holdings through statute.

House Bill 1695, known as the Tennessee Strategic Bitcoin Reserve Act, was filed earlier this month by Rep. Jody Barrett (R–Dickson). The bill is scheduled for consideration during the current session of the 114th Tennessee General Assembly. 

It would grant the State Treasurer authority to invest a limited share of select state funds in bitcoin.

The bill’s findings cite inflation as a central concern. Lawmakers state in the bill that rising prices erode the real purchasing power of assets held in the general fund, the revenue fluctuation reserve, and other state pools. 

Bitcoin is described in the legislation as a decentralized digital commodity with a fixed supply and global liquidity. The bill argues that a fiduciary investor may use such an asset to improve long-term, inflation-adjusted returns.

“This is about responsible stewardship of public finances,” Barrett said in a statement. He compared bitcoin to gold and framed it as a hedge against inflation.

Tennessee follows a growing wave of U.S. states exploring Bitcoin-focused policy, with lawmakers in South Dakota and Kansas introducing bills that would allow public funds to be allocated to bitcoin or placed into a strategic Bitcoin and digital assets reserve. 

At the same time, states like Rhode Island and Florida have revived or reintroduced legislation aimed at studying Bitcoin, easing its use, or potentially adding it to state balance sheets under defined oversight frameworks.

10% of Tennessee’s general fund into bitcoin

Under the proposal, the Treasurer could allocate funds from the general fund, the revenue fluctuation reserve, or other state funds approved by lawmakers. Bitcoin exposure would be capped at 10% of each eligible fund at the time of purchase. 

Annual purchases would be limited to 5% per fiscal year until the cap is reached. The bill allows passive price gains to push holdings above the cap without forcing sales.

The legislation restricts investments to bitcoin only. It bars allocations to other cryptocurrencies or digital assets. Bitcoin could be held directly by the state, through a qualified custodian, or via an exchange-traded product tied solely to bitcoin. 

All forms of exposure would count toward the same cap.

The bill sets detailed custody standards. A “secure custody solution” must store private keys in encrypted hardware kept offline in at least two locations. Access would require encrypted channels and multi-party authorization. 

Audit logs would be mandatory. Custody systems would face annual third-party code reviews and penetration tests. Providers would need disaster recovery plans.

Consistent transparency checks

Transparency is a core feature of the proposal. Every two years, the Treasurer would need to publish a public report. The report would list the amount of bitcoin held, its dollar value at purchase and at the end of the period, and a summary of transactions.

It would also include a cryptographic proof that allows third parties to verify on-chain balances. Security assessment summaries would be available upon request.

The bill also allows the Treasurer to create a program to accept bitcoin for taxes, fees, or other state obligations. Participation would be voluntary. Any bitcoin received would be transferred to the general fund and recorded at market value. Agencies would be reimbursed in dollars.

Supporters say the structure reflects Tennessee’s broader approach to asset management. The state oversees more than $132 billion in assets, including one of the top-rated public pension systems in the country.

“Even strong balance sheets face risks that traditional assets do not hedge,” said David Birnbaum, president of the Tennessee Bitcoin Alliance. He said bitcoin offers diversification due to its low correlation with other asset classes.

The bill directs the Treasurer to publish a bitcoin investment policy by January 1, 2027. A full performance and risk review would be due by October 1, 2032. 

Lawmakers would then decide whether to continue, revise, or repeal the program.

If approved, the act would take effect on July 1, 2026.

Source: https://bitcoinmagazine.com/news/tennessee-strategic-bitcoin-reserve

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

SEC Delays Crypto Innovation Exemptions, Citing Further Study

SEC Delays Crypto Innovation Exemptions, Citing Further Study

SEC postpones crypto innovation exemptions for blockchain products pending further analysis and congressional input.
Share
CoinLive2026/01/31 11:15
Crypto Market Crash To 6-Month Low Amid Rising Tensions Between Iran and The US

Crypto Market Crash To 6-Month Low Amid Rising Tensions Between Iran and The US

The post Crypto Market Crash To 6-Month Low Amid Rising Tensions Between Iran and The US appeared on BitcoinEthereumNews.com. Key Insights: President Trump induces
Share
BitcoinEthereumNews2026/01/31 11:02
If you put $1,000 in Intel at the start of 2025, here’s your return now

If you put $1,000 in Intel at the start of 2025, here’s your return now

The post If you put $1,000 in Intel at the start of 2025, here’s your return now appeared on BitcoinEthereumNews.com. Intel (NASDAQ: INTC) and Nvidia (NASDAQ: NVDA) announced a new partnership on Thursday, September 18, working on several generations of custom data center and computing chips designed to boost performance in hyperscale, enterprise, and consumer applications. As part of the collaboration, Nvidia, the undisputed leader of the semiconductor sector, will also invest $5 billion in Intel by purchasing its common stock at a price of $23.28 per share. Following the news, Intel stock jumped more than 30% in pre-market trading, while Nvidia saw a 3% uptick, a welcome change following weeks of shaky performance and controversies regarding its Chinese sales. Trading at $31.34 at the time of writing, INTC shares are up 54.99% year-to-date (YTD). INTC YTD stock price. Source: Google Accordingly, a $1,000 investment in the tech company at the start of the year would now be worth $1,549.90, giving you a return of $549.90. ‘The next era of computing’ The move follows a wave of fresh backing for the struggling Intel, including a nearly $9 billion U.S. government purchase of a 10% stake just weeks ago and a $2 billion investment from Japan’s SoftBank. As such, the deal has the potential to put Intel back into the game after years of trying to catch up not just with Nvidia but also AMD (NASDAQ: AMD) and Broadcom (NASDAQ: AVGO). “This historic collaboration tightly couples NVIDIA’s AI and accelerated computing stack with Intel’s CPUs and the vast x86 ecosystem — a fusion of two world-class platforms. Together, we will expand our ecosystems and lay the foundation for the next era of computing,” wrote Nvidia founder and chief executive officer (CEO), Jensen Huang.  However, the U.S. government’s direct involvement suggests that more is at stake than simply propping up Intel, as it likely reflects a broader concern about keeping America competitive…
Share
BitcoinEthereumNews2025/09/18 22:47