In March 2025, several U.S. states, including Kentucky, North Carolina, and Arizona, made significant strides in integrating cryptocurrency into their financial systems.
Kentucky: A Leader in Crypto Initiatives
Kentucky Governor signed the 'Blockchain Digital Asset Act' (HB701) on March 24. This law allows residents to hold Bitcoin and provides benefits to crypto mining companies. The Senate passed the bill unanimously, indicating strong support. Kentucky is becoming a major mining hub, thanks to its access to coal and hydropower.
North Carolina: Digital Asset Investments
North Carolina lawmakers introduced three bills to invest public funds in digital assets. Bills H506 and S709 allow up to 5% of state funds to be invested in digital assets, while H92 proposes increasing that to 10% for strategic reserves. These measures aim to protect public funds from inflation and create long-term value through crypto investments.
Arizona and Other States: A New Approach to Finance
Arizona is following suit with two approved bills—SB1373 and SB1025. SB1373 allows the state treasurer to create a digital asset reserve from seized criminal assets, investing up to 10% of that reserve. SB1025 permits Arizona to invest up to 10% of treasury and pension funds into Bitcoin. This could enhance the safety of their holdings if the federal government establishes a Bitcoin reserve fund. Oklahoma is also adopting a similar step with the HB1203 bill.
The U.S. is moving towards integrating cryptocurrency into public finance, paving the way for a future where digital assets are central to financial strategies.
