A resolution has been introduced in the North Dakota Legislature that would introduce new financial protections that would limit the negative impact of inflation on the state’s finances.

A joint resolution from the North Dakota House of Representatives calls on the Treasury and Investment Board to invest a portion of public funds in digital assets. It is noteworthy that the resolution does not directly mention Bitcoin or any other cryptocurrency—state legislation uses “techno-neutral” language.

However, according to information from people involved in the preparation of the legislative initiative, the choice of a reserve cryptocurrency may be determined by its market capitalization, which should exceed $500 billion. This criterion actually makes Bitcoin the main candidate for the title of a reserve asset.

Earlier, the Governor of the Czech National Bank (ČNB), Aleš Michl, said that the financial regulator may consider purchasing a small amount of bitcoins to diversify government reserves.