U.S. states are increasingly developing plans to incorporate Bitcoin reserves. Texas and Illinois have launched initiatives that will be discussed in 2025.
Texas: Bitcoin Reserve Initiative
Texas is leading the way in supporting cryptocurrencies in the U.S. Lieutenant Governor Dan Patrick announced a proposal, known as Senate Bill 21, which aims to establish Bitcoin as a state-held asset. This will allow Texas to occupy key positions in the growing crypto sector while ensuring compliance with financial laws.
Illinois's Strategic Bitcoin Reserve
Following Texas's example, Illinois also aims to recognize Bitcoin as a strategic asset. State Rep. John Cabello introduced House Bill 1844, which proposes the creation of the Strategic Bitcoin Reserve Fund. The bill allows for Bitcoin donations and requires the funds to be held for at least five years.
Trends in Other U.S. States
In addition to Texas and Illinois, states such as Utah, Oklahoma, Arizona, and Massachusetts are also considering establishing Bitcoin reserves, indicating a growing national interest in cryptocurrencies as part of government financial strategies.
U.S. initiatives for Bitcoin reserves are gaining momentum, potentially leading to broader adoption of digital assets in state financial strategies.
