Dolezal: Bitcoin, innovation & Georgia’s leadership in digital assets

Two weeks ago, I told you about SB 178, a bill introduced by Senator Greg Dolezal, that would allow the State Depository Board to purchase the cryptocurrency Bitcoin.

A few days ago, Dolezal took to the pages of James Magazine Online to make the case that SB 178 is necessary to put Georgia at the forefront of the new digital asset economy:

Georgia is not alone in recognizing the importance of digital assets. States like Texas, Wyoming and Florida have already enacted policies to support Bitcoin and blockchain innovation. Recently, Tennessee and South Carolina lawmakers introduced legislation to further integrate digital assets into their economies. The competition to attract investment and innovation is heating up and Georgia should act now to ensure we don’t fall behind.

Georgia can position itself as a national leader in digital finance and pave the way for job creation and economic expansion by embracing – not avoiding — Bitcoin. Alpharetta, which I represent, is already home to a growing number of crypto and blockchain companies contributing to Georgia’s reputation as a fintech hub. If we continue embracing digital assets, we will attract even more businesses, create high-paying jobs, and strengthen our state’s economy. Through legislation that allows our state (or state entities) to invest in cryptocurrency, we can send a clear message: Georgia is open for business and ready to lead.