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[Ethereum market capitalization holds above 500 billion dollars, initially reaching the investment threshold for certain states in the US]
As the total market capitalization of Ethereum surpasses $500 billion, it has preliminarily reached the public fund investment threshold in some states in the United States: · On May 7, New Hampshire passed the Strategic Bitcoin Reserve Bill, which stipulates that the financial supervisor may invest up to 5% of public funds from the general fund and other authorized funds in these assets, provided that the crypto assets must be projects with a market capitalization of over $500 billion. · On June 22, the Governor of Texas signed the Bitcoin Reserve Bill SB 21, officially making it law. A state-managed fund will be created, and it will only invest in cryptocurrencies with an average market capitalization of at least $500 billion over the past 12 months that are eligible for state budget allocations. · On March 25, the Oklahoma House of Representatives voted to pass the Strategic Bitcoin Reserve Bill (not yet officially passed into law). This bill allows the state to invest 10% of public funds in Bitcoin or any digital asset with a market capitalization exceeding $500 billion. Currently, only Bitcoin and Ether meet this standard of a market capitalization of $500 billion.