Ethereum's market capitalization has stabilized at $500 billion, initially reaching the investment threshold of some US states.
On August 10th, news came that with the total market value of Ethereum surpassing 500 billion US dollars, it has preliminarily reached the public fund investment threshold of some states in the United States:
On May 7th, New Hampshire passed the Strategic Bitcoin Reserve Act, which stipulates that the financial director can invest up to 5% of public funds from general funds and other authorized funds in these assets, with cryptocurrency assets having a market value of over 500 billion US dollars.
On June 22nd, the Governor of Texas signed the "Bitcoin Reserve Act" SB 21, making it official. A fund managed by the state government will be created, and it will only invest in cryptocurrencies with an average market value of at least 500 billion US dollars in the past 12 months, and will be eligible for state budget allocations.
On March 25th, the Oklahoma House of Representatives voted on the Strategic Bitcoin Reserve Act (not yet formally passed into law). The bill allows the state to invest 10% of public funds in Bitcoin or any digital asset with a market value of over 500 billion US dollars.
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