Bill Title: Creates the Strategic Bitcoin Reserve Act. Creates the Strategic Bitcoin Reserve Fund as a special fund in the State treasury for the purpose of holding bitcoin as a financial asset. Provides that the State Treasurer may accept gifts, grants, and donations of bitcoin from Illinois residents and governmental entities for deposit into the Fund. Provides that the State Treasurer shall hold all bitcoin deposited into the Fund for a duration of at least 5 years from the date that the bitcoin enters the State's custody. Allows the State Treasurer, after this period, to transfer, sell, appropriate, or convert to another cryptocurrency any bitcoin in the Fund. Adds provisions concerning the management and security of the Fund; reporting requirements; and voluntary donations of bitcoin by Illinois residents. Provides that the State Treasurer may adopt rules necessary to administer the Act. Effective immediately.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Introduced) 2025-02-19 - Added Chief Co-Sponsor Rep. Travis Weaver [HB1844 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative John Cabello [R]	Primary	Sponsored Bills	HD-090	FollowTheMoney	Ballotpedia	VoteSmart
Representative William Hauter [R]	Cosponsor	Sponsored Bills	HD-087	FollowTheMoney	Ballotpedia	VoteSmart
Representative Travis Weaver [R]	Cosponsor	Sponsored Bills	HD-093	FollowTheMoney	Ballotpedia	VoteSmart

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