Opinion: Several states in the United States responding to Trump's consideration of establishing Bitcoin reserves is very beneficial for the cryptocurrency market

According to thecryptobasic, after Trump won the election, at least three states including Pennsylvania, Texas and Ohio are considering establishing their own Bitcoin reserves with a unique framework. Centrifuge's Chief Legal Advisor Eli Cohen asserted in a recent interview that this development is very beneficial for the crypto market.

As experts continue to debate the feasibility of implementing this at the federal level and its potential market impact, some states may be seeking to join. It is reported that Trump made bold statements about establishing a federal strategic Bitcoin reserve during his campaign. With the inauguration of this president-elect approaching, several states have already considered testing the waters early.