Donald Trump and his political friends are working on Bitcoin stockpiling plans for the U.S. Treasury at a federal level. &nbsp,

And then, with the stock’s value consistently soaring to new heights since Election Day, some U. S. says are following suit. &nbsp, &nbsp,

Nine says are currently submitting ideas to create proper Bitcoin deposits, while advocates for digital currencies are urging other local institutions to do the same.

Which states are considering adding the country’s oldest and most priceless online money to their budgets. &nbsp,

Texas

Immediately, Texas’s legislature will decide whether or not to set up a proper Bitcoin reserve. &nbsp,

In December of this year, Texas’s official Giovanni Capriglione proposed a bill calling for the Lone Star State to establish a Bitcoin hoard. &nbsp,

Texas may hold the Bitcoins for at least five years, according to the proposed legislation. According to the bill, the bitcoin must be kept in cool storage, that is, on some kind of device that is not connected to the internet, and the assets cannot be used to produce transactions outside of Texas.

A proper Bitcoin reserve “always aligns with Texas’s commitment to supporting innovation in modern assets and providing Texans with increased monetary security,” the bill states.

Eventually, the plan even enables Texans to contribute to the country’s Bitcoin fund.

Pennsylvania

In November of this year, a bill from the Pennsylvania House of Representatives called for the creation of a proper Bitcoin supply.

Under the Bitcoin expenses, Pennsylvania’s Treasurer would be able to get Bitcoin with “up to 10 %” of the State General Fund, Rainy Day Fund, and the State Investment Fund.

The Pennsylvania Treasury could purchase nearly$ 1 billion worth of Bitcoin by boosting 10 % of the State General Fund. &nbsp, &nbsp,

In a congressional memo released on November 12, the government’s lawmakers said that bitcoin, which has appreciated significantly over the years, can support Pennsylvania keep up with inflation and economic change. &nbsp,

Ohio 

A bill to establish a corporate Bitcoin supply in the Buckeye State was introduced by Ohio State Representative Derek Merrin on December 17, 2024. &nbsp,

A Bitcoin account should be established in the position Treasury under the Ohio Bitcoin Reserve Act. Additionally, it gives the Ohio State Treasurer the authority to make the order.

In an X-post, Merrin stated on Tuesday that Ohio had accept systems and safeguard tax dollars from deteriorating. &nbsp,

The review legislation is anticipated to serve as a framework for Ohio’s legislative changes in 2025, even though some details regarding how the reserve does operate be ambiguous.

New Hampshire

New Hampshire Rep. Keith Ammon set forward a bill on January 10, 2025 to allow the state’s Treasury to invest in Cryptocurrency. Cryptocurrency is not named in the bill, but it’s the only other cryptocurrency that is now available based on the high market cap requirements.

” We’re tied to the U. S. money, whether we like it or not, but this would help us to have the condition invest a small portion into this independent, new property school”, Ammon told .

Under the act, New Hampshire’s manager would also have the authority to engage in “lending or staking” methods.

Ammon continued,” The position that has the most Bitcoin deposits will lose.” ” It requires that states act right away, and it requires some training from condition authorities.”

North Dakota

On January 10, 2025, legislators in North Dakota approved a resolution to spend selected state money in digital property.

Discussion will follow the first quality, which could lead to the creation and presentation of a suitable bill. No particular property are mentioned in the small decision, but North Dakota Legislative Council Director John Bjornson told that quite definitions may be “more suitable for a bill.”

Wyoming

A expenses that would allow Wyoming’s State Treasury to spend public money in Bitcoin was introduced in January by five Democratic senators.

Up to 3 % of some state money could be invested in Bitcoin, according to the plan. Those include the Wyoming Treasury’s public fund, the permanent Wyoming material respect finance, and the everlasting area fund.

The state treasurer would own the Bitcoin under the provisions of the costs by means of an ETF, investing in an ETF, or through a safe custody solution, a vetted custodian, or through a direct placement with a qualified custodian.

Massachusetts

Senators from Massachusetts and Massachusetts introduced a bill in January to set up a proper Cryptocurrency reserve in the government’s Treasury.

Under the plan, up to 10 % of Massachusetts ‘ rainy day fund may be invested in Bitcoin or another crypto. The draft regulations specifies that the tokens be held in an ETF issued by an investment firm, by a competent steward, by a stable prison solution, or by a competent custodian.

If it can be done “without increasing the financial risk to the commonwealth,” the bill also supports lending that Bitcoin or digital assets in order to generate additional returns for the state.

Oklahoma

In January, Oklahoma Rep. Cody Maynard introduced a bill that requires the state Treasury to invest public funds in any digital asset with a market cap of at least$ 500 billion. The only cryptocurrency that fits that criteria, as of this writing, is Bitcoin.

The bill would also allow the state’s treasurer to purchase asset-backed stablecoins. Under the draft legislation, only up to 10 % of the total amount of public funds in a given state account can be invested in digital assets, however.

Utah

Utah introduced the” Blockchain and Digital Innovation Amendments” bill ( H. B. ) on January 20th, joining the growing trend. 230 ). If passed, it would allow the state treasury to use up to 10 % of its funds to fund crypto assets that are eligible, including those that are tied to Medicaid growth and disaster recovery.

Utah would require an asset to have a market cap of at least$ 500 billion on average over a 12-month period, just like some other bills on this list. Despite the bill’s lack of explicit references to Bitcoin, it is the only crypto asset that is currently meeting that demand.

Edited by Andrew Hayward, with additional reporting.

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