"House Bill 1695, known as the Tennessee Strategic Bitcoin Reserve Act, was filed earlier this month by Rep. Jody Barrett (R-Dickson). The bill is scheduled for consideration during the current session of the 114th Tennessee General Assembly. It would grant the State Treasurer authority to invest a limited share of select state funds in bitcoin. The bill's findings cite inflation as a central concern."
"Bitcoin is described in the legislation as a decentralized digital commodity with a fixed supply and global liquidity. The bill argues that a fiduciary investor may use such an asset to improve long-term, inflation-adjusted returns. "This is about responsible stewardship of public finances," Barrett said in a statement. He compared bitcoin to gold and framed it as a hedge against inflation."
"Tennessee follows a growing wave of U.S. states exploring Bitcoin-focused policy, with lawmakers in South Dakota and Kansas introducing bills that would allow public funds to be allocated to bitcoin or placed into a strategic Bitcoin and digital assets reserve. At the same time, states like Rhode Island and Florida have revived or reintroduced legislation aimed at studying Bitcoin, easing its use, or potentially adding it to state balance sheets under defined oversight frameworks."
House Bill 1695, the Tennessee Strategic Bitcoin Reserve Act, would grant the State Treasurer authority to allocate a limited share of select state funds into bitcoin, with exposure capped at 10% of each eligible fund. The measure cites inflation as eroding real purchasing power of assets held in the general fund, the revenue fluctuation reserve, and other state pools. The legislation characterizes bitcoin as a decentralized digital commodity with a fixed supply and global liquidity and argues that fiduciary investors could use bitcoin to improve long-term, inflation-adjusted returns. Representative Jody Barrett compared bitcoin to gold and framed the proposal as responsible stewardship of public finances. Multiple other states are pursuing similar proposals or studies.
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