{"id":622846,"date":"2025-01-30T18:07:10","date_gmt":"2025-01-30T18:07:10","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=622846"},"modified":"2025-01-30T18:07:10","modified_gmt":"2025-01-30T18:07:10","slug":"illinois-to-establish-a-bitcoin-reserve-with-5-year-holding-period","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/illinois-to-establish-a-bitcoin-reserve-with-5-year-holding-period","title":{"rendered":"Illinois To Establish A Bitcoin Reserve With 5-Year Holding Period"},"content":{"rendered":"

Illinois has introduced a bill proposing a state-run Bitcoin reserve with a mandatory five-year holding period, joining a growing number of states exploring crypto treasury strategies.<\/span><\/p>\n

State Representative John Cabello proposed <\/span>Illinois House Bill 1844 (HB1844)<\/span><\/a>, which calls for establishing a strategic reserve fund to hold Bitcoin as a “special fund in the state treasury for the purpose of holding Bitcoin as a financial asset.”<\/span><\/p>\n

\n

🚨 NEW: Illinois Strategic Bitcoin Reserve Bill!<\/p>\n

HB1844 would create a Bitcoin Reserve, and require a minimum HODL period of 5 years for all BTC. pic.twitter.com\/6rZP8f2oU1<\/a><\/p>\n

— Julian Fahrer (@Julian__Fahrer) January 29, 2025<\/a><\/p><\/blockquote>\n