Kentucky's Cryptocurrency Bill Advances Closer to Governor's Approval

According to Odaily, a cryptocurrency bill in Kentucky has completed its third reading, moving it closer to being signed by the governor. The legislative process known as the third reading involves the title of the bill being read three times. Previously, Kentucky State Representative TJ Roberts introduced Bill HB376, which proposes investing 10% of the state's funds in digital assets with a market capitalization exceeding $750 billion, such as Bitcoin. Kentucky is the 16th state to propose a Bitcoin reserve bill.