Alabama Passes 2nd Strategic Bitcoin Reserve Bill Allowing State Investment Board to Buy Bitcoin and Cryptocurrencies on April 2, 2025

Alabama has introduced and passed a new law allowing its state investment board to purchase and hold Bitcoin (BTC) and other cryptocurrencies. This legislation marks a notable shift in the state's financial management strategy, positioning Alabama as a potential leader in state-level cryptocurrency investments. The move reflects a growing trend among U.S. states to embrace digital assets, as more jurisdictions consider similar legislative efforts to integrate cryptocurrencies into their financial frameworks. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io