Internet reports, Cointelegraph reported that the Georgia Senate proposed Bill 228 (SB228) to amend the provisions of Chapter 17, Title 50, Section 3, of the state code on state depositaries, authorizing the state Depository Board to allow the state Treasury Department to invest in Bitcoin. The bill requires the state Treasury Department to establish policies and procedures for the receipt, storage and transaction of bitcoins, and stipulates that bitcoins held by state governments must be implemented in accordance with these policies. The bill was co-sponsored by five senators, including Senator Esteves of the 35th District, and is currently awaiting review by the Georgia Legislature.