BRN analyst: Three state-level Bitcoin reserve bills in the United States failed to pass, highlighting risks

Odaily Planet Daily News: Cryptocurrency regulation and policy issues will continue to be the main factors driving Bitcoin's rise this year. However, for investors who bet that insufficient government adoption will benefit Bitcoin, the failure of three Bitcoin reserve laws in Montana, North Dakota, and Wyoming has brought new uncertainty. BRN analyst Valentin Fournier said, "Despite US President Trump's support for Bitcoin, the failure of three state-level Bitcoin reserve bills to pass highlights political risks. Policymakers need to avoid accusations of using taxpayer funds for speculation." Before Trump took office, the market had high speculation that the United States would establish a national Bitcoin reserve. However, this plan is still uncertain, and the recent executive order on cryptocurrency signed by the US President did not mention this idea. （thecryptobasic）