Tennessee bill allowing state to invest in BTC to face Senate hearing

A bill in the U.S. state of Tennessee that would allow the state to create a strategic reserve of Bitcoin is scheduled for a hearing before the Senate Finance, Ways, and Means Committee on April 20, Cointelegraph reported. The proposed legislation would permit the state government to invest and hold up to 10% of its public funds in BTC. To become law, the bill must pass committee review, full votes in both the House and Senate, and be signed by the governor. It is currently in the early stages of this legislative process.