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The house in #Arizona just passed bills to allow up to 10% of the state's treasury (including retirement funds for teachers, firemen, etc) to be "invested" in cryptocurrency. This gives Arizona the dubious distinction of being more fiscally irresponsible than even pro-crypto states like Oklahoma, North Dakota, and Montana, whose attempts at similar bills were defeated in their legislatures.
I suspect hilarity will ensue in just a few years if this actually gets signed into law by #KatieHobbs.
https://bitcoinlaws.io/az
#crypto #uspol #uspolitics #corruption #AZ #AZpol
If they are looking to hedge against the US dollar wouldn’t commodities would work better? There’s a retail market to sell commodities to, where as for crypto it can only be sold to other speculators.
If they are looking to hedge against the US dollar wouldn’t commodities would work better? There’s a retail market to sell commodities to, where as for crypto it can only be sold to other speculators.