A bill introduced in Tennessee's legislature would, if approved, allow the state and other municipalities to invest in cryptocurrency and non-fungible tokens.
Per LegiScan, the measure has been referred to a subcommittee within the House Finance, Ways, and Means Committee for future consideration. It is unclear at this time as to how much support this measure will attract.
a separate measure thatPublic records indicate that 2022 could be a notable year for state-level, crypto-focused legislation, with recent attention being drawn to an effort in Arizona to declare bitcoin as legal tender, though that effort is unlikely to succeed given the US Constitution's provisions on legal tender.
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