Close Menu
  • Latest News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Meme Coins
  • DeFi
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • Gaming
  • Legal
    • Taxes & Regulation
    • Adoption
  • Analysis
  • Learn
    • Education
    • Wallets and Exchanges
  • Tools
    • Market Overview
    • Converter
What's Hot

StanChart predicts corporates will control 10% of Ethereum supply over time

July 30, 2025

Hyperliquid API outage causes freeze on trading, HYPE down 5%

July 30, 2025

Kraken to Raise $500M in Funding at a $15B Valuation Alongside IPO Ambitions: Report

July 30, 2025
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
Facebook X (Twitter) Instagram
Buy Crypto NewsBuy Crypto News
  • Latest News
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. Meme Coins
    5. View All

    Asia Morning Briefing: SEC's In-Kind BTC, ETH ETF Redemption Shift Happened Years Ago in Hong Kong

    July 30, 2025

    Strategy Purchases 21,021 Bitcoin After $2.52 Billion IPO

    July 30, 2025

    Analyst Who Predicted Bitcoin’s 2024 Pre-Halving Crash Says New BTC Breakout Is Coming – Here’s Why

    July 29, 2025

    CoinDCX Dismisses Report of Coinbase Acquisition Talks

    July 29, 2025

    Will Ethereum (ETH) hit $15K on the price charts?

    July 30, 2025

    Is Ethereum being boxed in below $4K – Strategically, by whales?

    July 30, 2025

    Analyst Forecasts Major Surge For Ethereum Price, Eyeing $4,000 In Its Best July Yet

    July 29, 2025

    The case for Ethereum – Why its $4K setup isn’t just speculation!

    July 29, 2025

    ‘Altseason for TradFi’ Underway As Investors Look To Rotate Profits Into Riskier Bets: Bitwise CIO Matt Hougan

    July 30, 2025

    TRON mints $1B USDT after Nasdaq debut: Will this translate to gains?

    July 30, 2025

    Crypto Bears In Control: SUI Below Key MAs, FARTCOIN Forms Lower Lows—What’s Next?

    July 29, 2025

    ‘We’ve not identified Dragonfly as a target’ – DoJ reverses course

    July 29, 2025

    Pepe, BMT, CAKE: Crypto Activity Heats Up

    March 18, 2025

    SHIB Burns Over Half a Billion Tokens, Price Surges Over 7%

    March 17, 2025

    DOGE Sees Massive User Growth: Active Addresses Up 400%

    March 15, 2025

    Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend

    March 15, 2025

    StanChart predicts corporates will control 10% of Ethereum supply over time

    July 30, 2025

    Hyperliquid API outage causes freeze on trading, HYPE down 5%

    July 30, 2025

    Kraken to Raise $500M in Funding at a $15B Valuation Alongside IPO Ambitions: Report

    July 30, 2025

    Will Ethereum (ETH) hit $15K on the price charts?

    July 30, 2025
  • DeFi

    Hyperliquid API outage causes freeze on trading, HYPE down 5%

    July 30, 2025

    RedStone Launches ‘First Oracle with Native Liquidation Intelligence’

    July 30, 2025

    Linea to burn Ethereum and its own token with every transaction

    July 29, 2025

    Coinbase adds BIO and EUL to its asset roadmap, how are these tokens performing?

    July 29, 2025

    Delhi’s ‘Crypto queen’ arrested as India struggles with crypto scams and no regulations

    July 29, 2025
  • Tech
    1. Blockchain
    2. Security and Privacy
    3. View All

    Kraken to Raise $500M in Funding at a $15B Valuation Alongside IPO Ambitions: Report

    July 30, 2025

    Vietnam Blockchain Unveils Revolutionary NDAChain Platform

    July 30, 2025

    South Korean Central Bank Unveils New ‘Cryptoassets Department’

    July 30, 2025

    Dmail Network Partners with Cwallet to Advance Payment and Messaging Solutions

    July 30, 2025

    Active Campaign Exploits Cloud Flaws for Cryptomining

    July 24, 2025

    Accounting Firm Targeted by Malware Campaign Using New Crypter

    July 22, 2025

    Grok refuses to pick winner for Crypto Rover competition citing ZachXBT pump and dump evidence

    July 21, 2025

    XRP trading volume soars as new ATH attracts deepfake scam targeting investors

    July 18, 2025

    StanChart predicts corporates will control 10% of Ethereum supply over time

    July 30, 2025

    Hyperliquid API outage causes freeze on trading, HYPE down 5%

    July 30, 2025

    Kraken to Raise $500M in Funding at a $15B Valuation Alongside IPO Ambitions: Report

    July 30, 2025

    Will Ethereum (ETH) hit $15K on the price charts?

    July 30, 2025
  • Web 3
    1. Web3 News
    2. Gaming
    3. View All

    Nokia powers Surge’s subsea network, boosting affordable broadband for millions in Indonesia

    July 30, 2025

    NexGen Technology and Tavolo Tech Announce Strategic Partnership to Enable Table-Side Ticket Redemption

    July 30, 2025

    NFTs Stage a Summer Comeback: Blue-Chips Reclaim Spotlight in July Rally

    July 29, 2025

    Storage in Big Data Market Outlook 2024 to 2034: Growth Insights with Google Inc., Microsoft Corporation, Amazon Web Services Inc., VMware Inc., IBM Corporation, Dell EMC, SAS Institute Inc., Oracle Corporation, SAP SE, Teradata Corporation, Hewlett Packa

    July 29, 2025

    A Pressure Group Forced Steam to Remove Adult Games. It’s Coming After Crypto Next

    July 30, 2025

    On-Chain Games Don’t Have a ‘Secret Sauce,’ YGG’s New Advisor Says

    July 28, 2025

    Top 5 Gaming Blockchains Set to Explode in the Next Bull Run

    July 28, 2025

    Off the Grid Skin Sale Volume Hits $30K as the Avalanche Shooter Hits OpenSea

    July 26, 2025

    StanChart predicts corporates will control 10% of Ethereum supply over time

    July 30, 2025

    Hyperliquid API outage causes freeze on trading, HYPE down 5%

    July 30, 2025

    Kraken to Raise $500M in Funding at a $15B Valuation Alongside IPO Ambitions: Report

    July 30, 2025

    Will Ethereum (ETH) hit $15K on the price charts?

    July 30, 2025
  • Legal
    1. Taxes & Regulation
    2. Adoption
    3. View All

    Senator Lummis introduces legislation to make Fannie and Freddie count crypto in mortgage risk checks

    July 30, 2025

    US Senators Raise Red Flags Over Crypto-Driven Mortgage Expansion Plan

    July 30, 2025

    Tyler Winklevoss accuses JPMorgan of halting Gemini’s onboarding after he criticized the bank

    July 30, 2025

    DOJ Is Considering Charging Crypto VC Firm Dragonfly in Connection With Tornado Cash

    July 29, 2025

    StanChart predicts corporates will control 10% of Ethereum supply over time

    July 30, 2025

    Billionaire Bill Miller IV says Ethereum and Solana won’t win ‘at the end of the day’

    July 30, 2025

    Interactive Brokers weighs launching customer stablecoin to power 24/7 funding

    July 29, 2025

    Hyperscale Data begins executing $10M XRP plan, shares jump 12% amid announcement

    July 29, 2025

    StanChart predicts corporates will control 10% of Ethereum supply over time

    July 30, 2025

    Hyperliquid API outage causes freeze on trading, HYPE down 5%

    July 30, 2025

    Kraken to Raise $500M in Funding at a $15B Valuation Alongside IPO Ambitions: Report

    July 30, 2025

    Will Ethereum (ETH) hit $15K on the price charts?

    July 30, 2025
  • Analysis

    Teucrium’s 2x XRP ETF tops $300M in flows, dominates 52% of the market

    July 30, 2025

    Coinbase Sparks Altcoin Rallies After Placing Two Projects on Crypto Exchange’s Listing Roadmap

    July 30, 2025

    Top Four Altcoins To Watch Now And Buy Later For Big Gains

    July 29, 2025

    BlackRock’s ETHA becomes 4th-largest ETF by 30‑day inflows as Ethereum funds aim for $10B

    July 29, 2025

    Will Holders Trigger Strong Selloff?

    July 28, 2025
  • Learn
    1. Education
    2. Wallets and Exchanges
    3. View All

    What Is Tokenization?

    July 11, 2025

    What Are Internet Capital Markets? Why Companies Are Launching Meme Coins

    June 16, 2025

    What is a Corporate Bitcoin Treasury? The Strategy Behind Companies Holding Crypto

    May 27, 2025

    What Are Tokenized Real-World Assets? Putting Physical Value On-Chain With RWAs

    May 19, 2025

    MetaMask launches new stablecoin yield feature on wallets

    July 30, 2025

    MEXC finds that 67% of Gen Z crypto traders use AI tools, resulting in fewer panic sells

    July 26, 2025

    Ancient whale sells $8 billion Bitcoin via Galaxy as price dips to $115k

    July 26, 2025

    WOO X suffers $14 million breach affecting 9 users, halts withdrawals

    July 25, 2025

    StanChart predicts corporates will control 10% of Ethereum supply over time

    July 30, 2025

    Hyperliquid API outage causes freeze on trading, HYPE down 5%

    July 30, 2025

    Kraken to Raise $500M in Funding at a $15B Valuation Alongside IPO Ambitions: Report

    July 30, 2025

    Will Ethereum (ETH) hit $15K on the price charts?

    July 30, 2025
  • Tools
    • Market Overview
    • Converter
Buy Crypto NewsBuy Crypto News
Home»Adoption»Alabama state auditor calls to establish Bitcoin reserve
Adoption

Alabama state auditor calls to establish Bitcoin reserve

December 12, 2024No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

State Auditor Andrew Sorrell’s proposal for Alabama to create a strategic Bitcoin reserve has sparked a debate on the state’s potential role in the crypto space. Sorrell believes that establishing a Bitcoin reserve would not only diversify Alabama’s assets but also attract crypto-focused businesses, positioning the state as a pioneer in digital asset adoption.

In a recent statement, Sorrell emphasized the importance of acting now in the rapidly evolving crypto landscape, stating that “Crypto is no longer a question of if — it’s here, and it’s reshaping financial markets worldwide. States that act now will be in a prime position to benefit.”

The proposal comes on the heels of a significant surge in Bitcoin’s value, with the cryptocurrency climbing over 50% since the presidential election. President-elect Donald Trump’s endorsement of Bitcoin and his campaign pledge to build a federal Bitcoin reserve have further fueled the rally, signaling the technology’s potential role in the national economy.

Sorrell outlined Alabama’s potential crypto strategy, highlighting the advantages of adding Bitcoin to the state’s holdings. He pointed out that crypto offers unique benefits, such as resilience to inflation and independence from the U.S. dollar, making it a valuable addition to a diversified investment portfolio.

Sorrell proposed a gradual approach to acquiring Bitcoin, suggesting a dollar-cost-averaging strategy over two years to mitigate risks associated with market volatility. He also emphasized that any reserve would be safeguarded for critical emergencies rather than routine use, emphasizing the importance of long-term planning and financial stability.

Alabama’s potential move aligns with a national trend of growing interest in leveraging crypto for economic stability. Other states, such as Florida and Pennsylvania, are reportedly exploring similar strategies, while federal lawmakers have introduced legislation to establish a national Bitcoin reserve.

See also  Bitcoin Setting Up for ‘Treasonous’ Correction, According to Trader That Called 2021 Market Cycle

The recent approval of Bitcoin and Ethereum exchange-traded funds (ETFs) by the Securities and Exchange Commission has made it easier for states to invest in digital assets. Sorrell pointed to the federal government’s existing Bitcoin holdings as a precedent for Alabama’s potential reserve, highlighting the growing importance of crypto assets in the financial landscape.

By positioning itself as a crypto-friendly state, Sorrell believes Alabama can attract businesses and investors eager to engage with blockchain and digital assets. He emphasized the importance of adapting to emerging technologies to thrive in the evolving financial landscape, stating that “Alabama has the opportunity to lead and reap the rewards of this innovation.”

In conclusion, Sorrell’s proposal for Alabama to create a strategic Bitcoin reserve reflects a growing trend of states and federal entities exploring the potential of crypto assets for economic stability and growth. By embracing digital assets and blockchain technology, Alabama has the opportunity to establish itself as a leader in the crypto space and attract businesses and investors looking to engage with this innovative technology.

Alabama auditor Bitcoin calls Establish reserve state
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

StanChart predicts corporates will control 10% of Ethereum supply over time

July 30, 2025

Billionaire Bill Miller IV says Ethereum and Solana won’t win ‘at the end of the day’

July 30, 2025

Strategy Purchases 21,021 Bitcoin After $2.52 Billion IPO

July 30, 2025

Interactive Brokers weighs launching customer stablecoin to power 24/7 funding

July 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Raydium at a crossroad: Breakout or bearish reversal ahead?

January 24, 2025

How Tokenized Gold Mining and $AYNI Token Work

July 21, 2025

Life Sciences Translation Services Market Size, Navigating Growth Opportunities and Forecasted Outlook from 2024-2033

March 27, 2025
Price Chart


Explore insights on crypto, blockchain, taxes, and security. Stay informed with expert guides, tips, and the latest trends to navigate the digital asset world confidently


We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

StanChart predicts corporates will control 10% of Ethereum supply over time

July 30, 2025

Hyperliquid API outage causes freeze on trading, HYPE down 5%

July 30, 2025

Kraken to Raise $500M in Funding at a $15B Valuation Alongside IPO Ambitions: Report

July 30, 2025
Get Informed

Subscribe to Updates

Get the latest creative news From BuyCryptoNews directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
© 2025 BuyCryptoNews - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.