Maryland and Kentucky have recently proposed legislation to consider Bitcoin as a method to bolster state reserves. The Strategic Bitcoin Reserve Act introduced in Maryland would permit the state to invest in Bitcoin, utilizing funds gathered from gambling violation enforcement. In Kentucky, a bill known as House Bill 376 allows investments in digital assets and precious metals, implying Bitcoin as the likely choice due to its market capitalization requirement of at least $750 billion. Both proposals highlight bipartisan support for adopting Bitcoin at the state level, following recent advocacy from political figures advocating for a strategic Bitcoin stockpile. Currently, only North Dakota has rejected similar proposals, while other states like Utah and Arizona are advancing their own Bitcoin reserve bills.

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