Opinion: Multiple U.S. states respond to Trumps consideration of establishing Bitcoin reserves, which is very beneficial to the crypto market

CoinRank News: After Trump won the election, at least three states, Pennsylvania, Texas, and Ohio, are considering adopting a unique framework to establish their own Bitcoin reserves. In a recent interview, Centrifuge General Counsel Eli Cohen asserted that this development is very beneficial to the crypto market. While experts continue to debate the feasibility of such a move at the federal level and its potential market impact, some states may be seeking to join in. It is reported that Trump made a bold statement during the campaign to establish a federal strategic Bitcoin reserve. As the inauguration of the president-elect approaches, several states have considered testing the waters in advance. (thecryptobasic)