With Alabama and Minnesota moving forward with legislative proposals for condition Bitcoin resources, cryptocurrency may soon be included on position balance sheets.
Rep. B. Olson (R-MN), introduced House File 2946 on Tuesday, which would help the state to directly engage in Cryptocurrency. Its Senate rival, SF 2661, was introduced earlier in March.
The State Board of Investment’s approval of the similar bills is demonstrated by their immediate acknowledgement of Bitcoin’s long-term monetary potential.
Senate Bill 283, which Sen. April Weaver (R-AL ) filed this week, is a companion bill to House Bill 482, which was introduced earlier in March in Alabama.
Although neither act specifically mentions Bitcoin, the law restricts eligibility to digital assets with a market cap of at least$ 750 billion.
Bitcoin already qualifies as the only advantage under the proposed platform because it does not currently pass that threshold.
If the ideas are approved, they had become effective on January 1, 2026 in Minnesota and October 1, 2025 in Alabama.
Both says are adopting a parliamentary ploy that is frequently employed to expedite approval: passing equivalent bills in both chambers.
The state would be able to take Bitcoin for state transactions and tax payments under HF 2946/SF 2661.
The act includes crypto in more than a dozen statutes, including tax laws, pension plans, and purchase regulations.
Digital resources must be held by the manager, by a qualified steward, or via exchange-traded products, and don’t exceed 10 % of any state bank, according to the Alabama policy.
Crypto supply proposals for the U.S. state
The proposals follow a wider pattern of state-level initiatives to look at the largest bitcoin in the world as a proper reserve resource.
While some states, including Wyoming, Montana, and Pennsylvania, have just stopped or withdrawn their Bitcoins supply plans, the speed is still powerful elsewhere.
South Carolina just recently passed a law allowing its treasurer to start putting up 10 % of some state money into online resources, starting with Bitcoin.
Senate approval of Oklahoma’s House Bill 1203, which allows for crypto property deposits, has been a pending outcome. Senate Bill 21 to create a Bitcoin strategic reserve is awaiting general assent.
Although Utah’s supply dialect was dropped during adjustments, Arizona and Utah have both developed their own systems.
According to the data from Bitcoin Law, there are 47 state-level Crypto reserve bills being introduced in 26 states, with 41 of those already active.
However, the public seems to have turned away from the plan to pass a state Cryptocurrency reserve. In a business that closed at the end of March, users of MYRIAD, the fragmented forecast business launched by ‘s parent company DASTAN, largely predicted that no state may apply a reserve.
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