Under a new bill, South Carolina’s State Treasurer could allocate up to 10% of the state’s funds into #bitcoin (with a hard cap at 1 million).
The bill also mandates a proof of reserves.
https://bitcoinmagazine.com/news/proposed-south-carolina-bill-lets-state-treasurer-invest-10-of-state-funds-in-bitcoin
Hard cap of one million bitcoins obviously
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