Tennessee lawmaker proposes allowing the state to invest in cryptocurrencies and NFTs

A bill introduced in Tennessee's legislature would, if approved, allow the state and other municipalities to invest in cryptocurrency and non-fungible tokens (NFTs).

House Bill 2644, according to public records, was introduced on February 2 and, per its summary, "authorizes a county, municipality, or the state to invest in cryptocurrency, blockchains, and non-fungible tokens." It does so by amending parts of state law pertaining to permissible investments and, in the case of counties, the allowed use of "idle funds." 


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