The Impact of U.S.-Listed Bitcoin ETFs on State Crypto Legislation – From Crypto for Innovation.org
Taking a step back and looking at the US as a whole, we see state legislatures rapidly introducing digital asset legislation. Over 80 bills spanning 26 states have been introduced in the past month. This coincides with the January 10 approval by the U.S. Securities and Exchange Commission (SEC) of several Bitcoin ETFs, marking a landmark moment for industry.
One to note is, Oklahoma. The state is capitalizing on the SEC’s approval with Senate Bill 1830, which explores the inclusion of digital assets in the state’s retirement investment portfolio.
A decade in the making, these ETFs are set to transform the cryptocurrency landscape, offering investors exposure to bitcoin without direct ownership. Industry analysts estimate substantial inflows, ranging from $50 billion to $100 billion this year. We are at the beginning of the road.