These US States Are Betting Big on Bitcoin: What it Means for Crypto Adoption in 2025

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Multiple states are preparing to incorporate Bitcoin as part of their financial planning. By January 17, 2025, seven U.S. states have suggested creating Bitcoin reserves as part of their long-term strategies.

These actions demonstrate an increasing recognition of Bitcoin as a valid financial asset, mirroring wider discussions on the establishment of a national Bitcoin reserve. This stance is in line with President-elect Donald Trump’s vocal support for this concept.

Here’s a detailed look at how each state is approaching this bold move:

Florida: Preliminary proposals suggest that Florida might set up a strategic Bitcoin reserve during the first quarter of 2025. This move is part of an ongoing effort to explore Bitcoin’s potential for diversifying the state’s financial resources. If implemented, Florida would be one of the states actively incorporating Bitcoin into its financial policies as a means to protect against economic volatility. According to FBBA President Samuel Armes, there’s a strong possibility that this Bitcoin reserve will be established during the legislative session starting in Q1 of 2025.

Texas: In December 2024, Representative Giovanni Capriglione put forth a bill to establish a Bitcoin reserve for Texas. This bill outlines stringent regulations and mandates that Bitcoin be kept in cold storage for at least five years. It also limits the use of these digital assets for transactions outside of Texas. Furthermore, the proposal invites citizens to donate voluntarily to the state’s Bitcoin fund.

Pennsylvania: In November 2024, Pennsylvania, often referred to as the Keystone State, joined the trend by introducing a bill in its House of Representatives. This bill aims to set up a Bitcoin reserve for the state. If passed, the state treasurer would be allowed to invest up to 10% of substantial state funds such as the State General Fund, Rainy Day Fund, and State Investment Fund into Bitcoin purchases. With this plan in place, the potential value of the Bitcoin reserve could reach close to $1 billion.

In Ohio, on December 17, 2024, Representative Derek Merrin presented the Ohio Bitcoin Reserve Act. This act aims to establish a special Bitcoin investment fund within the state’s treasury. The Ohio Treasurer would be empowered to decide when and how to purchase Bitcoins, ensuring that the state can effectively oversee its cryptocurrency investments.

New Hampshire: On January 10, 2025, Representative Keith Ammon introduced a proposition aimed at creating a “strategic reserve” for New Hampshire. This reserve would enable the state’s financial resources to be allocated towards purchasing precious metals and digital assets, such as Bitcoin. Although Bitcoin isn’t directly mentioned in the bill, given its substantial market worth, it fits the criteria proposed and is likely to be part of this reserve.

In North Dakota, lawmakers also presented an initiative on the same day, aiming to broaden the state’s investment options. This proposed resolution suggests a portion of the state budget be invested in digital currencies and precious metals as a safeguard against inflation. Although the exact assets to be incorporated are still under discussion, this resolution paves the way for future formal legislation, suggesting North Dakota’s intention to utilize Bitcoin and similar assets to secure their financial stability.

As an Analyst speaking about myself: I, as an analyst, announced on January 15, 2025, that I proposed legislation entitled “Oklahoma Digital Asset Investment Act.” This act allows our state’s savings accounts and pension funds to invest in digital assets such as Bitcoin. My intention behind this proposal is to broaden Oklahoma’s financial investment portfolio. The legislative consideration for this bill will begin on February 3, with a tentative enactment date set for November 1.

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2025-01-19 17:24