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Will the Federal Government take action against state Bitcoin rights bills by end of 2024?
4
Louisiana•House Bill•Bitcoin•Central Bank Digital Currencies•Oklahoma•Montana•Arkansas•United States•Satoshi Action Fund
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the US Federal Government
Story
Louisiana Passes House Bill 488 Protecting Bitcoin Rights and Banning CBDCs
Jun 24, 2024, 12:17 PM
Louisiana has passed House Bill 488, a landmark piece of legislation that protects Bitcoin rights, self-custody, transactional freedom, and mining, while banning Central Bank Digital Currencies (CBDCs). This bipartisan bill ensures individuals can securely hold and use Bitcoin for transactions. Louisiana joins Oklahoma, Montana, and Arkansas in setting a pro-Bitcoin policy blueprint for the nation. The bill represents the fourth law passed in the United States to defend Bitcoin rights. The states are continuing to lead on policy innovation. The Satoshi Action Fund played a significant role in this legislative success.
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Similar markets
Yes • 50%
No • 50%
Approved without amendments • 25%
Approved with amendments • 25%
Rejected • 25%
No decision by deadline • 25%
Increased regulation • 25%
Decreased regulation • 25%
No change • 25%
Complete ban • 25%
Executive Order issued • 25%
Legislation proposed • 25%
No action taken • 25%
Other • 25%
Passed and implemented • 25%
Passed but not implemented • 25%
Not passed • 25%
Delayed decision • 25%
Approved • 33%
Rejected • 33%
Amended • 34%
Increase Bitcoin holdings by at least 10% • 25%
Announce Bitcoin as a strategic reserve asset • 25%
Ban Bitcoin • 25%
Other significant action • 25%
