![Bitcoin [BTC] to not fall under ‘money’ in the U.S? According to…](https://i.headtopics.com/images/2023/3/2/cryptoamb/bitcoin-btc-to-not-fall-under-money-in-the-u-s-acc-bitcoin-btc-to-not-fall-under-money-in-the-u-s-acc-1631294537707429890.webp)
Bitcoin [BTC] to not fall under 'money' in the U.S? According to...
The law would ensure that only governments can create money, which would appear to exclude all digital assets. The legislation mentions that no medium of exchange is money unless the government approved or adopted the medium of exchange.Porter contended that the worst part of the development is that this policy would be implemented in 21 different states across the United States.
However, it is worth noting that Bitcoin was gaining support in several U.S. states. This support came primarily due to the Satoshi Act Fund. Texas, New Hampshire, and Montana are just a few U.S. states that have passed Bitcoin-friendly legislation.Subscribe to get it daily in your inbox.
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