By james art 
South Dakota’s legislation delayed the vote of a bill on Monday that could allow the state to accept Bitcoin BTC/USD as a strategic backup asset.
What happened: The bigger part of the legislators at a meeting of the State Committee for Trade and Energy of the Chamber voted to postpone the bill on the 41st day of the legislative session of South Dakota.
As the session lasts 40 days, the postponement of a bill until day 41 means that it is no longer considered.
The Chamber Bill 1202 aims to distribute 10% of Bitcoin’s public public funds. Rep. Logan ManhartAnyone who presented the bill last month said the bill had been rejected because of “fears of instability”.
However, he said he would reinstall the legislation next year.
See also: Peter Schiff calls into question Michael Sayer, led by the strategy of the Bitcoins strategy against the background of the decline of MSTR: “The mass dilution has destroyed the value of shareholders”
Why does it matter: The move of South Dakota comes shortly after the Montana House of House rejected such a legislative act, which proposed investing public funds in Bitcoin.
According to the laws of Bitcoin, a platform that traces the progress of strategic accounts for Bitcoin reserve in the United States, Utah, led the competition while Montana, North Dakota, Pennsylvania, South Dakota and Wyoming failed to push them forward.
Failures caught doubts about a potential national stock of Bitcoin for the United States, as promised by the President Donald Trump During his election campaign.
In particular, after taking office, Trump signed an enforcement order for the creation of “strategic national digital assets”, not just a stock of Bitcoin
Price actions: During writing, Bitcoin exchanged hands to $ 89,517.16, which is 6.27% in the last 24 hours, according to Benzinga Pro data.
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