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Alabama Lawmakers Introduce Bitcoin Reserve Bill as Institutional Appetite Grows Alabama lawmakers have introduced a bill to allow the state investment in Bitcoin (BTC). This follows a string of similar legislations from other states since President Donald Trump’s inauguration. The United States regulatory space has recorded several positive moves backing crypto assets. These efforts could swing macro forces and boost global adoption of the asset class.  State Senator Bill Barfoot introduced a new Senate bill that will give the State Treasurer the power to invest in digital assets. A second House Bill 482 was also filed to expedite the legislative process. According to the bill, digital asset investment will not exceed 10% of the fund’s balance. While the proposed law does not specifically mention Bitcoin, it restricts all other cryptocurrencies at the time of writing. Only crypto assets with a $750.

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