PANews reported on January 26 that Dennis Porter, co-founder and CEO of Satoshi Action Fund (SAF), posted on the X platform: Ohio, led by the majority whip of the state House of Representatives Steve Demetriou and six other members, jointly proposed a bill allowing the state to establish a "strategic bitcoin reserve."

The bill includes:

1. Allow state governments to invest 10% of general funds, budget stabilization funds, and prize trust funds in Bitcoin.

2. Provide a robust custody solution and ensure that states use self-custody or qualified custodians.

3. Be technologically neutral, adopt the term “digital asset” to reduce political resistance and protect the purchasing power of state funds from inflation.

4. Only assets with a market capitalization of $750 billion and an average of 12 months are eligible for reserves. Currently, only Bitcoin qualifies.