“Not everything is bitcoin”: alert about the reservation proposal of Dakota and other states

Bitcoin (BTC) is mixed with a soup of digital assets in bills introduced in the legislative halls of several states, as the digital currency seeks its place as the United States’ strategic reserve. This is generating alerts from the community, since everyone does not agree with the script.

Not all bills focus exclusively on bitcoin, which is generating a significant debate, based on comments made by a user on the social network » to the proposal HB713 called: Ohio Strategic Cryptocurrency Reserve Act, because covers a wide variety of cryptoassets and not just BTC, as has been announced.

The same thing happens in Oklahoma, whose bill HB1203 mentions BTC, but also allows the inclusion of any digital asset with a market capitalization greater than $500 billion. And, additionally, it opens the way to staking and stablecoins, which generates criticism from the pro-Bitcoin community for its broad approach.

As reported by NoticiasVE. Utah, which is set to be the 11th state to legislate to create a bitcoin reserve, cites a reserve of digital assets exceeding a market capitalization of more than $500 billion. However, bitcoin is the only asset with that capitalizationwhich exceeds 1.9 trillion dollars.

The Utah document establishes requirements for the custody and management of digital assets, creates a regulatory framework for investments in stablecoins, and authorizes the state treasurer to participate in the staking and lending of digital assets under specified conditions, thus coinciding with bills from other states.

On the other hand, in the messages shared by Astroplanetcol1 on X, it is clarified that it had initially been erroneously reported that North Dakota only had a resolution related to digital assets. However, this information has been corrected to indicate that there is also a bill, called North Dakota HB1184, that focuses on investing in digital assets and precious metals, not exclusively in bitcoin.

At the federal level, the situation is similar, as sources cited by the New York Post suggest that Donald Trump is considering the creation of a strategic reserve that prioritizes cryptocurrencies developed in the United States, such as solana (SOL), XRP and USD Coin ( USDC), instead of fulfilling the promise made to the community to focus exclusively on bitcoin.

This is more inclusive language, says Dennis Porter

In the face of criticism, Dennis Porter, a key figure in promoting pro-Bitcoin legislation, came out to defend the legislative strategy of these projects. He stresses the importance of maintaining a practical approach to navigating the complex legislative terrain.

“Our goal has always been to craft legislation with the greatest likelihood of passage, while ensuring that it protects and promotes Bitcoin.”

Dennis Porter, pro-Bitcoin legislation specialist.

On the use of the term “strategic bitcoin reserve,” Porter clarified that it reflects the intent and practical impact of the legislation, allowing states to hold bitcoin as a reserve asset, although some texts will include more inclusive language for other digital assets.