An Illinois state legislator in the United States has proposed a new bill to allow public funds to invest in Bitcoin treasury company stocks.

MeNews · 2026-04-02T23:06:59+00:00

ME News Report, March 31 (UTC+8), U.S. Illinois State Senator Steve McClure introduced SB3672 — the "Local Government Digital Asset Investment Act," which proposes to amend the state's "Public Funds Investment Act" to allow public entities to allocate up to 5% of public funds into Bitcoin-related financial products. According to the bill, eligible "digital asset stocks" must be equity in publicly traded companies, and the company must have verified through the latest audited financial statements that at least 25% of its total assets are held in Bitcoin or other digital currencies. This threshold will include Strategy, Twenty One Capital, Metaplanet, Semler

MeNews

2026-04-02 23:06:59

ME News update, March 31 (UTC+8), Illinois state senator Steve McClure of the United States introduced the SB3672 bill—《Local Government Digital Asset Investment Act》, which would amend the state’s《Public Funds Investment Act》, allowing public institutions to allocate up to 5% of public funds to Bitcoin-related financial products. Under the bill’s definitions, qualifying “digital asset stocks” must be equity of publicly listed companies, and the company’s total assets must be verified through its most recent audited financial statements to have at least 25% held in Bitcoin or other digital currencies. This threshold brings into the investment scope companies with Bitcoin-accumulation as a core strategy, such as Strategy, Twenty One Capital, Metaplanet, and Semler Scientific. The bill also simultaneously allows public funds to invest in Bitcoin ETFs and Bitcoin bonds, along with added transparency requirements. (Source: ChainCatcher)

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